If you’re a homebuyer in our Ventura County market, it’s important that you be ready when the right opportunity comes along.
I was recently talking with a couple fellow agents about how many times we hear buyers say things like “The marketplace is too high” or “Prices are too high.” While it’s true that the marketplace is substantially higher than it was a couple years ago, you can still get a great home by being pre-approved and waiting for the right opportunity.
As I told the agents I was speaking with, there are good opportunities in every single marketplace. Whether you’re at the top of the marketplace or the bottom, it’s all a matter of being ready for those opportunities. You can wait for prices to come down, but we don’t know when that will happen or by how much.
Instead, try being an active participant in the marketplace. Shop for real estate every single day and be financially ready. By this, I mean speak with a mortgage professional and have them pre-approve you. Good opportunities don’t last very long. They’re on the market typically for just a few days at most. They sell quickly and usually attract a lot of competition.
As soon as the right opportunity arises, pull the trigger, act fast, and don’t second-guess yourself by not giving the seller what they want and possibly prolonging the negotiation process. By trying to save $5,000, you leave the door open for another buyer to swoop in and steal the property from under you.
They don’t come every single day, but there are good opportunities in the marketplace, so be ready for them.
If you have any questions about our market or you’re looking to buy a home, don’t hesitate to reach out to us. We’re here to help.