Homebuyers Are Now Getting Back Some of Their Negotiating Power
There is good news for anyone considering purchasing a home today. Although there is still a sellers' market, it is less aggressive than it was the previous year. The days of thinking that you might need to forego contingencies or substantially overpay the asking price in order for your offer to be taken into consideration may also be coming to an end. As a buyer today, you ought to have less competition and more negotiation power. This is due to the fact that buyer demand and bidding battles are less intense this year. Therefore, if bidding wars were the main reason keeping you away from the market, the following two trends might be precisely what you need to get back into it. 1. The Return of Contingencies In order to win a bidding war, more buyers during the past two years have been prepared to forego crucial phases in the home-buying process, such as the appraisal or inspection. Less people are now deciding to forego the examination and appraisal, nevertheless. According to t...