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Market Awareness Bolsters West Palm Beach Home Buying Negotiators

Market Awareness Bolsters West Palm Beach Home Buying Negotiators

Home Buying | Mortgage Broker West Palm Beach | Mortgage Lender West Palm Beach | Mortgage Banker West Palm Beach | Palm Beach Mortgage Broker | Real Estate West Palm Beach | Realtor West Palm Beach | Christian Penner Home Loan Company | FHA Mortgage Financing Specialist | VA Home Loan Expert | Palm Beach Mortgage Company | Mortgage Brokers West Palm Beach | Mortgage Broker Florida | Real Estate | Real Estate Home | Mortgage Brokers | Mortgage Broker | Mortgage | Palm Beach Mortgage Broker | Mortgage Banker | Christian Penner | Home Loan | VA Financing Specialist | VA Home Loans | Realtor | Real Estate | Harp Refinance | Mortgage Rate | Mortgage Lenders | Mortgage Companies | Mortgage Company | Lenders Mortgage | Mortgage Loans | FHA loan | FHA loans | Current Mortgage Rates | Home Mortgage | Refinance | Mortgage Broker West Palm Beach | Mortgage Lender West Palm Beach | Refinance Home Loans | Home Loan Company | FHA VA Financing Specialist | FHA Mortgage Lenders | Mortgage Loan Lenders | Mortgage Loan Lender | Mortgage West | Refinance Mortgage Lenders | Home Finance Mortgage | Refinance A Mortgage | Home Mortgage New | Real Estate HomeWith Labor Day behind us, the serious fall West Palm Beach home buying season is upon us. If you will be scouring the market for a new residence, you are likely to be in luck: across the nation, more sellers are being coaxed off of the sidelines. According to the Associated Press, “A fourth straight monthly increase of sales in existing homes provided the latest evidence…that the U.S. housing market is rebounding…” The rise comprised “the highest annual rate since September of last year.”

With temptingly low interest rates and batches of homes hitting the market from sellers motivated to complete their sales before the holidays, West Palm Beach home buying consumers have ample reason to think their timing is good. Once the right property has been found, success in home buying negotiations determine what happens next:

The Asking Price

When the subject property is one that has just recently come onto the market, the asking price may or may not be negotiable. The odds of encountering more price flexibility increase once a property has lingered on the market for 60 days or more: depending on their own timing requirements, sellers may be more inclined to entertain a lower offer as time passes. In today’s market, if a property falls into that category, many buyers will offer 1% to 10% below the asking price—especially if recently closed comparables provide support.

Extras

If the seller isn’t budging on price, consider negotiating through other aspects of the transaction—seller-paid closing costs, repairs to the home, moving costs, or asking that appliances be included in the deal. This won’t lower the asking price, but the resulting savings can have the same effect.

Market Awareness

Being prepared to work with your agent by taking advantage of the research that is made available. By becoming aware of Palm Beach County’s home buying conditions in each of your target neighborhoods, you’ll be well prepared for gauging the range of offers likely to be found acceptable. Is new housing construction underway that will increase the supply of homes? Are there many homes that have sold quickly in recent history? Or is the neighborhood less in demand? It’s important to understand the climate you will be negotiating in so you can land a superior home and at a superior price.

 

  

 

Questions, Comments or For more information you can email Christian Penner at TheMortgageTeam@ChristianPenner.com or visit us online at www.ChristianPenner.com or you can call us directly at: 561-316-6800

ChristianPenner.com
http://www.christianpenner.com/market-awareness-bolsters-west-palm-beach-home-buying-negotiators/
Market Awareness Bolsters West Palm Beach Home Buying Negotiators


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blackwhite#ChristianPenner, #MortgageBrokerWestPalmBeach talks about #RealEstateWestPalmBeach. He also serves other Local Areas and provides home #MortgageSolutionsforPalmBeachGardens, #Jupiter, #BocaRaton, #Wellington and #Tequesta. #ChristianPennerMortgageBrokerJupiter has the #lowestmortgagerates and the best #homemortgage programs like; #Jumboloans, #FHAHomeLoans, #VAHomeLoans, #ReverseMortgageHomeLoans, #FreddieMacHomeLoans, #FannieMaeHomeLoans and #HARPMortgageLoans. #ChristianPennerMortgageBrokerPalmBeachGardens has Served the area for over 15 years with his #HomeLoanLending Needs and Works with #FEMBIMortgageinJupiter. You Can Also Find Him On fb mortgageFacebook at: http://Facebook.com/YourMortgageBanker

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Christian Penner
South Flagler Drive, Suite 800, West Tower West Palm Beach, FL 33401
Phone: +1 (561) 316-6800
 

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ChristianPenner.com
http://www.christianpenner.com/market-awareness-bolsters-west-palm-beach-home-buying-negotiators/
Market Awareness Bolsters West Palm Beach Home Buying Negotiators

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