How an Agent Can Help Naples, Florida Buyers in a Seller’s Market
If you’re in the market for a new home in Naples, you likely already know that you’re facing stiff competition in a market flooded with buyers for limited inventory. It isn’t ideal in many ways, and it may leave you scrambling to do anything you can to secure a contract on your dream home.
There are many hugely essential ways that a real estate agent can help in this kind of buying climate. In fact, it’s one of the most accessible advantages you can give yourself since buyers’ agents get paid from the seller’s commission. Let’s take a look.
They Have Their Finger On the Pulse
Buying and selling homes is their business, and for that reason, they know the nitty-gritty details of the Naples market, including how it changes from day to day. They simply have access to information that you don’t, but that can make or break an offer on a home for sale.
In addition, they might have inside knowledge of homes about to come on the market in the Naples area, or factors that are important to sellers that aren’t immediately apparent to an outsider. You can gain access to all of this at no cost to you.
They Know How to Make Your Offer Stand Out
There are many things that you can do to make your offer more appealing. These are even more important if you don’t have the cash to offer a lot of earnest money. A plethora of valuable contingencies exist, but they can’t help you if you don’t know about them. A knowledgeable agent will advise you on which are most likely to give you an edge for each offer you submit.
They could even help you draft a letter or video to the seller that appeals to the sentimental value of the home to them. These can sometimes make a huge difference to a seller leaving a home they’ve loved for years.
They Can Prepare You for the Unexpected
Regardless of market conditions, things are bound to pop up during the home buying process that you don’t expect. This is more worrisome in a booming market because a seller may not wait for you to sort it out before moving onto another offer.
There are too many contingencies to list them all here, but one of the most common is an under-appraisal of the home, which means you need to be prepared to have more cash in hand. Again, if you aren’t ready for this and have to scramble, the seller might not wait.
They Can Protect You
In a seller’s market, it’s that much easier for buyers to fall victim to unfair practices, price gouging, or worse. You need a knowledgeable and competent person whose only interest is advocating for you. That’s what a real estate agent is for.
We’re Here for You
Whether you’re frustrated from getting nowhere on your own or just beginning your home search in Southwest Florida, we’re here to help. Let us walk you through this tricky market every step of the way! Contact us today.