There are many homes for sale in California and it's important to remember that so many other things can be negotiated besides price. If a home is priced right there are still other items to consider negotiating such as closing cost credits, inspection fees, repairs, and even the length of escrow.
But if you are looking for the best deal you might consider that the homes newly listed may be priced more in line with the market and those homes that have been on the market for long periods of time may be the best deal… if you go after them. Sellers on the market for a long period of time may have been in denial with their original value analysis and perhaps are now coming to grips with the market. Maybe those homes that have been on the market for a long time will accept an offer price they never thought they would have many months ago. That is because seller motivation can increase over time and there are seasonal considerations which can also create a negotiating advantage.
In any event, please be sure to look at a "comparative market analysis" prepared by a Realtor to assist and support you in making your offer. Working with a professional is the first step toward success.
Thank you for making me Your Orange County Real Estate Connection.
Best regards,
Michael Caruso, Broker ABR ABRM CRB CRS GRI
2007 President, Orange County Association of Realtors
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