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A Buyers Market Might Not Mean What You Think
By Ryan Ward | March 5, 2008
Do you think that a buyers market means that you will have twice as many homes to view as normal? I hope not. It means that you might have an addtional home or 2 depending on what your search parameters are. If you’re really adventurous, maybe it means 10 additional homes to view. The current market for Alpharetta real estate lends itself to perhaps offer you one, maybe 2 additional homes that you might be interested in buying if you are looking to move to Alpharetta.
I just did a test case to see what it all would really mean to a real buyer. Here was my hypothetical:
- Price to be $375,000-$450,000
- 4 bedroom
- 1/2 acre or more
- Built after 2000
- No stucco
This is a typical begining type request for a buyer to begin their search after speaking with an agent and getting them a little more focused on homes that will likely be of interest to them. Well, in this case, the buyer would have less than 10 homes available to view. That’s not many and it certainly does not give you the grand idea that a buyers marekt is going to provide a buyer with the end all be all of choices for a home. In fact, a belief that it will is likely to set you off on the wrong foot and give you a letdown as your expectations are incorrect.
So a buyers market might be helpful, but, your best bet is to buy a house
Topics: Real Estate, Alpharetta |