With the current inventory of houses on the market in the Lynchburg area, its very easy to sp
end days, weeks and even months looking for that special home! A buyer will start with their list of homes they want to see, then added into the mix are the homes that the agent feels meets their needs, then each day as a new property comes onto the market, it becomes a must see. Many homes to see, many thoughts racing through a buyer’s head!
As the desire to move forward starts to take hold, the buyer decides to make an offer on their first choice of home. With most all areas experiencing buyer’s market, the pressure is on the buyer to “make a good deal”, therefore, they feel compelled to start with a low offer. As the market has started to stablized slightly, and as luck would have it, the chosen home draws multiple offers at the same time. The buyer looses their first choice as the seller chooses a higher offer.
This pattern can repeat itself with a buyer loosing multiple homes that meet their needs and placing that buyer in a stressful situation. Is it necessary? Not if the buyer finds the perfect home and feels that it meets the needs of their family, then it may not be worth the risk of loosing the home for a “deal”. The value of a warm, inviting place for a family to be comfortable can overtake the need to get a bargain. House values are determined by what someone is willing to pay, and the value that you place on the home determines a good sales price. Don’t go 0 and 10 in your house hunting-get your first choice!
