If you are in the enviable position right now of looking to buy a home, enjoy the current market: the buyer’s market. Home sellers in Andover and North Andover are happy to start a dialogue with a potential buyer, so arm yourself with any and all information to get the best deal possible!
- Right now you have more time to look, so you will be better armed with the knowledge of which houses have been sitting on the market for a while. These homeowners might be more likely to negotiate.
- Consider looking at new construction. Builders sometimes offer incentives and sometimes have very attractive financing programs.
- In certain areas that have been hit a bit harder by the market downturn, you certainly do have the upper hand whilst negotiating – and can always ask for an upgrade or a major repair before finalizing the deal.
- Sellers are often happy to work with your timeline. Don’t be afraid to ask for a closing date that’s convenient for you.
- Even some lenders are willing to negotiate. You might ask for free private mortgage insurance, a better interest rate or even lower closing costs.
- Hire a Buyer Agent who is familiar with the area. A good buyer agent will know her local market and be well equipped to negotiate the sale on your behalf.
- Sign up for free MLS listing alerts so you can see what homes are available in your Andover and North Andover neighborhood.
For more information on the current real estate market go to Housing Predictor.
