Market Conditions dictate Your Offer Price

Today’s depressed economic environment makes the real estate picture a ‘buyers market’. Many properties are put up for sale and may remain on the market for an extended period of time. Offers are sporadic and well below expectations. In some situations when the price of the property is commensurate with the market, a counter-offer is made that is well below a fair price. A property may remain unsold for a period that would force the owner to rethink the asking price. If the seller is determined and constrained to sell, even a low offer becomes a starting point to open negotiations.

Conversely when the economy is flourishing the real estate market becomes a ‘sellers market’. At this time a seller can start with a slightly inflated asking price as the basis of negotiation. The response is generally results in multiple offers. Sometimes when a buyer is determined, homes are known to be sold, above the asking price. Often a deal is struck within days of the property being listed.

Buying a home – an optimistic move

The recent global economic depression appears to have played itself out with an optimistic outlook for the months ahead. The present transition phase is the best time to consider a property investment. If you are thinking of buying a home in the San Jose area, either as an investment or as a residence, then Dale Warfel an experienced realtor will be of immeasurable assistance. Dale Warfel has been dealing in real estate in the Bay Area for over decade now and is fully conversant with property prices in all environments. He is a real estate agent who stands by his client till every last detail is complete. Do visit his website at www.dalewarfel.com to know more of the current list of San Jose properties.