Ways to buy a house in a high-demand area

Start the conversation > You'd think with so many Homes for Sale, there would be no problem finding one to buy. However, plenty of buyers who would like to buy now to take advantage of low interest rates and prices can't find the right home. Sellers who don't have a good reason to sell now aren't, so the supply of good listings is low. Most buyers are already concerned about the market, their jobs and the state of the economy. They shy away from homes that need a lot of work because it raises more questions and uncertainty. Expect it to be a stressful experience and plan on the work taking longer than anticipated. Uncontrollable factors, like rain, can hold a project up due to no fault of the contractor. You might be able to negotiate a mutually acceptable price. Before making an offer, ask your agent to find out if the sellers are planning to reduce the price. When listings are lowered to the market price, more than one offer can appear. If the owners still want to sell and are willing to be flexible on price (the listing probably didn't sell because it was overpriced), make an offer and see if you can reach an agreement. If you've been focusing on only one area, you might consider several other neighborhoods that could work for you. For instance, if you'd like a view but can drop that requirement, you'll have a much easier time finding a home to buy. But don't buy a home that won't serve your housing needs. In this market, it makes sense only to buy for the long term. Homes for Sale