Advice for Buyers in a Slow Market

by David White


Buying, Investing, & Trading Up

What's the smart real estate move in a slow market with relatively low interest rates (like 2008)? Well, those conditions describe a buyer's market, in which the optimal decision for a real estate investor or a homeowner desiring a more valueable home is to trade up and be sure not to overpay. The reasons for this are very straightforward:

It's always best to have the negotiating leverage on your side when you are contemplating a transaction. In a buyer's market, sellers must compete for the buyer's business. A buyer represented by a Realtor who is also a good negotiator has the best possible chance of getting an excellent price and terms in a buyer's market