A Buyer's Market in Tucson read our Top 10 Tips toward homeownership

Top Ten Tips for Buyers in the Current Market

1. BE CONFIDENT.  In the current market there are still many sellers reaching for top dollar on their homes.  They haven’t yet accepted the realities of the buyer’s market that exists.  With the right realtor by your side, you can confidently identify which houses are over-priced and which ones are good values.  Offers can be placed on over-priced homes that include a professionally composed pricing rationale so sellers are forced to face that they are stretching for an unrealistic price.

2. BE STRONG.  This is a market that empowers buyers.  As a buyer, you should feel like you are in the driver’s seat since most of the dynamics of the market are in your favor.  The inventory of homes is at an all-time high in Tucson.  Interest rates are still very favorable.  Builders are “unloading” their inventory.  And the number of buyers is still relatively few.  If you’re one of the few, you’re in a very strong position to negotiate a favorable price.

3. KNOW YOUR CHOICES.  There are deals to be found in many areas of the current real estate market.  Builders are offering strong incentives to purchase new construction.  Resale homes that have been on the market a long time can be purchased at a discount.  And the rise in bank foreclosures has created opportunities for buying distressed properties.  You need a realtor that can consult you on which buying option best fits your needs.  The Vallee Team has earned designations (and the knowledge that accompanies those designations) such as Certified New Home Specialist and Accredited Buyer’s Representative.  They can help you navigate your choices.

4. STAY IN CONTROL.  Many buyers feel they lose control of the buying process when the employ the services of a realtor.  In fact, realtors have a fiduciary responsibility they owe to their buying clients which includes duties such as: Confidentiality, Accountability, Obedience, and Loyalty.  In other words, you should be in complete control of your buying decision and the right realtor will only offer services and professional expertise to enhance that control.

5. BE WELL-REPRESENTED.  If you’ve ever had an exceptional coach or teacher, you understand the value of having the right person at your side.  In the critical decisions of life you need competent counsel – and what could be more critical to your financial future than your real estate buying decisions?  So get the best help you can.  The Vallee Team has accomplished what only 4% of realtors nationwide can claim.  They have earned the designation of Certified Residential Specialist.  That puts the Vallee Team in an elite group of highly qualified realtors.  Don’t settle for anything less.

6. TAKE WHAT’S FREE.  Many buyers are not aware that in a typical real estate transaction, the seller pays the commission for the listing agent and the buyer’s agent.  This is a no-brainer for buyers.  Make sure that you have a buyer’s agent who represents your interests exclusively.  After all, your agent’s services are paid for in full by the seller.

7. UTILIZE TECHNOLOGY.  The advent of the age of technology has radically transformed the way buyers buy.  Recent surveys indicate that 85% of buyers begin their search for a property online.  No more need to drive neighborhoods or scan the classifieds daily.  A computer-savvy realtor can set-up a dynamic search through the online Multiple Listing Service, which will identify the features you are looking for in a home and trigger an automated email to you whenever a home comes on the market with those specific features.  In fact, that’s just a start.  It is  astounding the information that is available online.  The Vallee Team can help you obtain and interpret that information in a way that will inform your buying decision.

8. THINK LOCALLY.  You’ve probably seen the bumper sticker that reads “Think Globally…Act Locally.”  Well, in real estate, its important to think locally.  You need an in-depth understanding of Tucson dynamics, neighborhoods, schools, and communities.  Kathy Vallee is a Tucson native and Don has had over 25 years of sales and marketing experience in Tucson.  Our team knows Tucson.

9. DON’T STRESS.  The average American has more timesaving devices and methods at his fingertips than ever, yet we have less discretionary time than our parents had.  Simply put…we’re busy.  You need a realtor who will accommodate your needs and your timeline.  The Vallee Team works hard to keep the main thing the main thing – that’s you, your needs, and your schedule. 

10. GET A TEAM.  The average real estate transaction involves a lot of pieces and players – inspections and inspectors, loans and lendors, appraisals and appraisers, escrows, contractors, etc.  It can be intimidating for even the most experienced buyer or seller.  By choosing a realtor who has developed strategic relationships with proven professionals, you can insure a smooth transaction.  For an introduction to these professionals highly recommended by the Vallee Team, go to www.tucsonvalley and click on “concierge services” from the home page.

For your benefit, the Vallee Team has dedicated Buyer’s Agents available to you.  Please feel free to contact one of them today.

Drew Gelatt      Phone:  520.544.7466              Email: drewgelatt@remax.net

Compliments of Don & Kathy Vallee, The Vallee Team

Real People Representing Real Estate

520-219-1024

www.tucsonvalley.com

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