A buyers’ market should be just that- a buyers real estate market. However, todays buyers are sitting on the fence. Why? The great irony of a buyers’ real estate market in Littleton is that even though the opportunity to buy is high, buyer urgency tends to hit an all-time low. The media becomes a great pool of negative news and uninformed advice, and buyers buy it all. Actually, it feels like that’s the only thing they’re buying.
Todays buyer’s geatest fear is paying too much, which seems to stop them dead in their tracks. Their reluctance is ironic since not so long ago buyers were incredibly excited about buying in real estate market in Littleton -and it was a sellers’ market. Prices were escalating and it was perhaps one of the most difficult times to buy value and yet people were buying in real estate market in Littleton like there was no tomorrow. Buyers were afraid of losing out by not buying, even though the advantage was all to the seller, and the fear of over paying was just not there.
People who buy in a buyers’ real estate market in Littleton are the smart ones. They’re looking for a sound decision with a predictable result and, therefore, ask the question: “Has the real estate market in Littleton dropped enough now to make a sensible purchase?” More often than not, when they’re asking this question, they’re already in the safe zone and the answer is yes.
However, only buyers who are able, ready, and willing to buy a home real estate market in Littleton ever actually buys one. Able, ready, and “waiting” may or may not.
Ability always comes first and is tied to factual answers to some basic questions: Do you qualify for an appropriate loan or pay cash? Do you have money for the down payment on a home in the real estate market in Littleton and closing costs or can you get it? If you aren’t already prequalified, your first job is to find a capable loan officer. This will take some shopping around. Your Realtor is a good resource; ask them who they recommend in the real estate market in Littleton
Readiness is about buyers’ wants and needs-your personal reasons for buying a home. Readiness always underpins buyers’ motivation. In fact, it is your motivation. It is the “why” that leads you to buy a home in the housing market in Littleton
Willingness is simply about action. It’s about buyers mentally and emotionally making a choice about when you will buy a home in the real estate market in Littleton You can be able and ready, but if you’re not willing then you’re just waiting.
The time to get off the fence is now. Once the real estate market in Littleton settles or shows any sign of improvement, opportunities start slipping away. The very moment sellers no longer have to make concessions, they won’t. And, since there is almost always group think at play with all of the waiting buyers, the pent-up demand will show back up and buyers in the real estate market in Littleton may be faced with mounting competition for the best homes available.