Find Dream Home Deals in Open Houses for Sale
Understanding Market Trends
Being informed about current market trends is essential when searching for your dream home. According to the National Association of Realtors, the median existing-home price for all housing types was $359,000 in September 2023, reflecting a 2.3% increase from the previous year1. Understanding these trends can help you identify good deals and make informed decisions. Additionally, keep an eye on interest rates, as fluctuations can significantly impact your purchasing power.
Negotiation Tactics
Once you’ve found a property that captures your interest, it's time to consider negotiation tactics. Sellers who host open houses may be keen to close deals quickly, especially if the property has been on the market for an extended period. Consider offering a slightly lower price than the asking price, but be prepared to justify your offer with market data and comparable sales in the area. Be open to discussing terms such as closing dates or including certain appliances or furnishings in the sale.