JeannetteWorks.com

Jeannette Works

with Buyers.

Jeannette , how do I know what works to make it a "buyer's market"?

To answer this question I would probably ask a few questions. How long are properties in the area staying on the market? Is it the slow time in a seasonal cycle? Are interest rates high or low? What is happening in the local economy and national economy? Are there other factors at work like: unemployment, interest rates, inflation, etc?

In general, a strong economy results in a stronger negotiating position for sellers. High interest rates generally mean fewer buyers, but a better negotiating position for them. Low interest rates attract more buyers, strengthening the seller's negotiating position.

*For more information about a "buyer's market", I'm waiting for your e-mail to Jeannette@Jeannetteworks.com

Jeannette , what might work to strengthen my position as a buyer of a particular property?

Doing some basic research on a particular property can help the buyer in negotiations. How does the property compare to similar properties in the area? How long has it been on the market? Are there other offers on the property? What areas of the property need to be repaired? How many similar properties are in my search area? What new construction is happening in the area (this could weaken the negotiating position of sellers of existing properties). If there are only a few similar properties in the area, you may want to broaden your search area and seek alternative solutions to your needs and wants.

*Remember, you don't need to do this alone. Jeannette@Jeannetteworks.com can help.

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Jeannette , what do you know about how 0% down home buying works ?

A lot less than some lenders! I encourage buyers to ask questions of several lenders. But here's what I know. The price of zero down payments may be right for you. The lack of equity at resale may not. Generally, larger down payments, higher income relative to estimated monthly payments, having good credit and pre-qualifying for financing will make you more popular with lenders and sellers and more pleased at resale.

Jeannette@Jeannetteworks.com

Jeannette, what other questions might you ask if you were working as my buyer's agent?

I would want to get for you answers to some of the following questions. What are the needs and motivations of the seller? Why is the property being sold? What is the seller's background and experience in real estate or business? What are the seller's goals and objectives? What personal chemistry is there between you and the seller? How much flexibility is there in mortgage commitments, closing and occupancy dates?

*Major advances have been made in serving buyers. Let me, as a recently trained ABR (Accredited Buyers Representative) candidate, do more listening and learning with you through Jeannette@Jeannetteworks.com