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The Mark Thudium Team
REALTOR®, Associate Broker, CRS, GRI, SRES
(717) 475-2225
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Date Archives: November 2016

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Buying | 20 Posts
Estates | 6 Posts
News | 6 Posts
Selling | 21 Posts
November
1

HouseThe inventory of homes in the Lancaster County real estate market is rising, but the number of homes that are for sale compared to the number of home buyers is still below average.

 

According to the Lancaster County Association of Realtors president, Lynn Zimmerman, "The limited supply [of homes on the market] in the most popular price points is causing homes to sell very quickly amidst multiple offers and record-setting sales prices."

 

This gives sellers an advantage over buyers.  When multiple buyers are competing for a home, sellers will likely get full-price offers, and a house may go for more than its asking price. Sellers can often hand pick the offer that suits them the best, and it doesn't always come down to the sale price.

Here are three things we consider when helping our clients write the best possible offers:

  1. Choose a local lender: Sellers want to feel confident that your financing is solid. Online or unknown lenders could raise a red flag. We can recommend local reputable lenders.
  2. Get pre-approved: There's a difference between being pre-qualified and being pre-approved. Most buyers are only pre-qualified. We can connect you with lenders that will supply a pre-approval letter.
  3. Home inspection: If you feel confident in the home's quality, an "as is" inspection contingency may be a consideration, depending on the property and whether there are competing offers.  The "as is" inspection contingency lets buyers determine the condition of a property without holding the seller accountable to cover the cost of any necessary repairs.

The most important thing to remember is to make your best offer the first time. Don't assume you'll have the opportunity to negotiate. If this is your dream house, put all your cards on the table in your first offer. In the current market, your strategy shouldn't be to hold something back for a counter offer, because you might not get the chance.

 

We've been helping buyers find their dream homes for more than 30 years. We can help you make the best offer on your next home!

 

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 02/03/2023. The listing information on this page last changed on 02/03/2023. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Bright MLS (last updated Fri 02/03/2023 2:15:54 PM EST) or CJARMLS (last updated Fri 05/20/2022 2:39:11 PM EST). Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices Homesale Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved. --

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The Mark Thudium Team
Mark Thudium, Corey Thudium, Emily Emerich, Mary Shelley-Weaver, Marlene Leighty, Rose Mosemann, Joshua O'Donnell, Seth Johnston, Karen Glaser
www.MarksTeam.com 

150 North Pointe Boulevard, Lancaster, PA 17601
717-560-9100

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