What's the Secret to a Smooth Buying Process in Rochester?

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What is a buyer specialist and why are they super important in today's market? If you plan on selling soon, but don't know the answer to those questions, it's in your best interest to stick around.

It's currently a seller's market here in Rochester, which puts a lot of pressure on home buyers. There simply isn't a lot of inventory to choose from. If you want to have success in such a competitive market, you need to select the right agent. It's important to note that agents break down into several categories - for example, some agents specialize in buying homes, and some specialize in selling homes. 

Agents who specialize in helping people find and purchase homes are called home buyer specialists. When looking for a new home in a seller's market, working with a home buyer specialist is crucial for a number of reasons. 

• They don't list properties, so they don't have to waste time marketing listings or working on closings. This gives them more free time to dedicate to you and your situation. 
• They are more responsive. Their one job is to work with buyers to help them find homes! In a seller's market, this is crucially important, as there isn't much inventory out there and you will likely need help finding the right property. 
• Homes are going fast. There is no time to wait because the best homes are flying off the market. Most of the property that is being sold by motivated sellers is listed by real estate agents. In order to see those homes, in most cases, you need to be working with an agent.
• They will position you to win. Your buyer specialist will put you in a position to win multiple offer situations. These agents know how to negotiate and craft an offer that will appeal to the buyer and stand out from other offers! 

 

Here at the James Gray Team, we have multiple buyer specialists who are waiting to help you! Give us a call or shoot us an email if you have any questions, or if you would like to meet with one of our buyer experts today! We would love to help you succeed in the Rochester area.

Is Buying in a Seller's Market Worth It?

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You may not be aware of this, but we are in a seller's market right now in Rochester. This means there are more buyers out there looking for homes than there are homes, so we wanted to give you some tips today if you are thinking of buying in this market. It can be easy to buy in a seller's market when you follow these five tips:

1. You have to be prepared
The main aspect of being prepared is making sure you are pre-qualified. You should speak to a mortgage lender, have them run your credit and debt, and they will issue you a pre-qualification letter saying you are approved to spend a particular amount on a home. This is huge because if you don't have it, you will slow down the process and miss out on the home.

2. Be very clear on your criteria
You need to know exactly what you're looking for because homes priced well and in good condition are selling almost as soon as they appear. You need to be able to recognize a good home when you see it, and act fast. 

3. Be open to broadening your criteria
You've got to be open to looking outside your ideal price, geographical area, and even square footage to make sure you're working with the largest pool of potential homes possible.

4. Be responsive
Since we are in a seller's market, the sellers are dictating the terms. When a home goes on the market for sale and you don't act quickly, it will go away. Waiting a few days, or even a few hours, can sometimes prove disastrous. Just this last weekend, I sold two homes on their first day on the market. 

5. Work with a real estate agent
If you're working without an agent, it makes it impossible to move fast enough. If you are working with a professional, you are with somebody who is responsive and can reach you to find homes that enter the market. 

If you have any questions for us, feel free to give us a call or send us an email. We look forward to speaking soon!

What's the Secret to Getting Top Dollar for Your Rochester Home?

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Today, I want to share a quick Rochester market update with you so you can make informed decisions in our marketplace.

Right now, we have a pretty favorable seller's market. There are fewer homes for sale than there were last year at this time and there are more buyers out there than there are homes for sale! If you're a buyer, you have probably experienced a lot of competition in certain areas and certain price ranges. 

Right now, our market is very strong, but you have to remember that all the normal market rules apply. If you're selling, your home must be in great condition and priced appropriately in order to achieve your goals. You also need a coherent and aggressive marketing plan if you want to get top dollar for your home and sell quickly!

It is a great market to be selling! However, you need to know what you're doing when you bring your home to the market. If you would like selling assistance, or if you have real estate questions of any kind, give me a call or shoot me an email. I'm always available to help!