BiggerPockets Real Estate Podcast
869: Why NOW is The Time to Buy a House (BEFORE Rates Go Down) w/Avery Carl and Caeli Ridge
Jan 8, 2024
Real estate expert Avery Carl joins the podcast to discuss why NOW is the time to buy a house. They touch on topics like the current state of the real estate market, factors influencing investor activity, the impact of interest rates on the market, and strategies for getting an offer accepted in a competitive market.
48:39
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Quick takeaways
- Working with your own agent may not give you a competitive advantage as agents prioritize their clients' interests.
- To stand out in a competitive market, it is important to go beyond just offering more money and explore properties with longer days on the market or properties that have been overlooked.
Deep dives
The challenge of buying in a competitive market
In a market with low inventory and high competition, buying property can be challenging. Working with your own agent may not give you a competitive advantage as agents prioritize their clients' interests. It is crucial to write strong offers that stand out from the crowd. This may involve offering a higher price than the asking price or being open to negotiation. However, caution should be exercised to avoid overpaying for a property. Additionally, considering properties with longer days on the market or properties that have been sitting for a while may offer opportunities for less competition.
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