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Buying in a Sellers Market

If you’re looking to purchase a new home in a seller’s market you are likely to hit a few barriers; limited inventory and increased competition from other buyers, just to name a few.  The best offense is a good defense so be sure to get pre-approved with a reputable lender and have hearty funds on hand for a down-payment. Accept that you are trying to buy in a seller’s market and prepare yourself to be patient until the home in your area and price-range comes along.

While you’re waiting for that one home to come on the market, use the time to become familiar with listings in your area.  Pay particular attention to listing prices in comparison to the amount a property actually sells for. Most local real estate agencies have a link on their website for sold properties. In Waterville, Campton and Thornton, NH, single family homes are selling for an average of 91% of the listing price. Keep this in mind when you’re putting together an offer, you don’t want to submit an more  

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