Home Sales Perking Up are Helping Conventional Buyers
The key piece of information for home buyers out there, in this recent article from the Los Angeles Times…
…can be found in the second to last paragraph.
The market is becoming increasingly reliant on so-called regular buyers — owner occupants with a mortgage — as the share of cash buyers, investors and foreclosure sales all have fallen to their lowest level in five years. That’s easing competition, at least a bit, real estate agents say, and making it easier for those regular buyers to find houses to buy.
While inventory still remains low in prominent areas of Southern California, the over-saturation of cash buyers and investors now lessening should be a welcome sign for home buyers out there who have been waiting patiently for the right opportunity.
The standard conventional loan scenario buyer usually can’t do much to compete against the all cash investor. This evens the playing field, increasing the odds of obtaining an acceptance on an offer.
For the home buyers out there right now, the key is to be able to differentiate yourself from the other conventional loan buyers out there, and this means utilizing an agent to represent you not only with a great understanding of the market, but who knows how to package and position your offer in the most optimum, most professional, most passionate, and most energetic way to capture the attention, and the heart, of the seller.
For more information on great offer strategies and advice on the market, feel free to contact Hpremiere. We’re happy to help.