One of the many things the Morales Real Estate Group is hearing from our buyers is that there’s not enough inventory in the marketplace. For what inventory is on the market, the prices are skyrocketing. There are, however, a few things you can do as a potential buyer to make sure that you find a good deal when you locate a property that matches your criteria.
First, you need to be ready. Make sure that you are ready in terms of your finances and qualifications; that way, when a good deal appears in the marketplace, you’re able to pull the trigger quickly. A lot of times, those good deals sell in a day or two. Do what you can to make sure that you’re in a position to make an offer as soon as you locate a deal you’re interested in.
Next, make sure you work with an agent who has access to off-market deals. Many agents you’ll find will only have access to what’s listed on the MLS, so work with a team who can use their resources to find properties that aren’t listed on the MLS. In order to do that, you’ll need a team who makes a lot of outgoing calls or who is consistently looking for potential inventory for the buyers they work with. If you’re able to find something not found on the MLS—supposing, for example, the seller didn’t want to list it for some reason—you can often find a good deal.
Do what you can to make sure that you’re in a position to make an offer as soon as you locate a deal that you’re interested in.
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That said, you need to ascertain whether or not your agent has such access during the hiring process. Typically, these kinds of agents are big listing agents who consistently list and sell properties. They are the types to talk with a wide range of sellers before they put their properties on the market.
The Morales Real Estate Group recently had some success in this area. Some of our buyers were frustrated working with other agents; we were able to find them off-market deals and put a deal together before the property came on the market. The buyer is extremely happy that they didn’t have any competition and that we were able to work something out with the seller. It was a win-win situation.
If you’re looking to buy or sell a home or are seeking a good opportunity in the marketplace, don’t hesitate to reach out to us. The best Realtor in Oxnard has you covered.
