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While You Were Thinking About It The Seller Sold To Another Buyer

I have the loan pre approval in the file plus have started having a blank contract set of forms ready and waiting on my iPad to use Docusign for just this reason. I heard on the news that Hurricanes do not wait for you to get ready. Neither do homes listed competitively on the market.

While You Were Thinking About It The Seller Sold To Another Buyer

What Happened?

It never fails. You spend hours surfing different internet websites, you spend weekends looking at homes with your buyer agent.  You find the house that meets your needs and you shout, "Eureka! We've found it!"

Your buyer agent gets excited, scours the Multiple Listing Service to prepare comparables for you.  Your lender prepars your Estimated Closing Costs worksheet so that you're clear on your down payment, closing costs, and estimated monthly payment.

And finally, you utter the words that make any buyer agent in a hot market with low inventory cringe, "I want to take some time to think about it."

Sure, no problem. Just understand that when there's a shortage of homes, you may not have the luxury of time. The Alexandria VA real estate market is way past simmering, it's showing signs of starting to boil right over into another sellers market.  That means that there are more buyers than homes for sale.

While you're thinking about it, you're giving the seller the opporunity to sell the house you like to another buyer.  It's a humbling experience but it's also a 'rite of passage' for many first-time homebuyers.

If you've invested the time to meet with your lender to obtain your mortgage approval, invested the time to meet with your buyer agent to understand the process and the paperwork involved, then don't be shy when you come face to face with the home that meets your needs.  Feel confident putting your best offer in writing.  Yes, it's a big purchase, and yes it's a big deal, but when the buyers are many and the houses are few, thinking about it too long could mean letting the house you love slip into the hands of another ready, able, and willing buyer.

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RE/MAXBuying or Selling Real Estate in Del Ray or Old Town Alexandria VA? Looking for short sales in Alexandria Virginia? Contact Tamara Inzunza, Associate Broker of RE/MAX Executives to list and sell your home, or purchase a new home. I specialize in real estate homes for sale in the beautiful Alexandria VA communities of Old Town Alexandria, Del Ray, Kingstowne, and Manchester Lakes including condos, townhomes, and single-family homes for sale.

Call me at 703-623-8759

Be sure to visit my website where you can Search MLS Listings of ALL Homes For Sale in Alexandria VA at www.MovingToNova.com/. If you're thinking about selling and would like to know how much your Alexandria VA home is worth, visit http://www.confidentialcma.com/ for a complimentary market analysis of your home.

MovingToNova

 

 

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You'll "Retrieve Golden Results" with Cheryl Ritchie, RE/MAX Leading Edge, for all your Southern Maryland and Anne Arundel County Real Estate Services.
 
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Comment balloon 4 commentsCheryl Ritchie • December 06 2012 02:17AM
While You Were Thinking About It The Seller Sold To Another Buyer
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