What should Buyers pay???

What should buyers pay???  So, I think any buyer in this market is fully aware that it’s tipping from a sellers market to a buyers market.  The weird thing is that although that is true here in the Coachella Valley, this market is different because the inventory is so low.  Local agent and resident, Kim Kelly 760-285-3578.

Every buyer right now is absolutely positive that they can “get a better deal”.  No matter if the seller is already losing lots of money because they overpaid in 2022 or 2023!  No realtor, no matter how on top of the local market he or she may be, can predict what is going to happen next.  It is imperative that we realtors are aware of what is happening in the local market, the state market and have an idea of what is going on internationally.  Of course we cannot really have our finger on the pulse of ALL real estate markets, but we should have an understanding of issues that may affect our local market.

In this market it makes sense to present a strong offer.  Term wise as well as price.  This market is a good one for buyers, IF you are sane.  Many sellers here in our Coachella valley are in a good position to hold onto their second homes, winter homes, investment homes and often choose to rent instead of take any more of a loss.  Your agent needs to educate you about the sellers motivation, and buyers need to heed their advice.  Go over the comps very carefully.  Discuss with your agent a couple of offer scenarios, go over your net sheet carefully for each option.  If you’re getting a loan, be pre approved with a lender you trust.  Make it easy for the seller to move forward with a counter or acceptance.

Take a tour of this amazing property just sold in Bermuda Dunes.  Property IS moving!