Gone are the days of a buyer’s market where sellers would do just about anything to attract a buyer.
In a seller’s market, there are just too many buyers and not enough homes. This can cause bidding wars and great homes to disappear within a matter of days.
Occasionally, though, you will come across a seller who is motivated. In this post, we’ll show you how to identify a seller who is clearly motivated.
A vacant listing shows a lot about a seller’s motivation. When a home is vacant, the seller has moved on. A vacant listing shows that a seller is carrying the costs of owning two places, which oftentimes means that the seller is wanting to unload the house as soon as possible.
A seller may have already bought another home or moved to another city, which makes them even more motivated to unload their house. The cost of maintaining and paying for a home that you’re not living is a stressful burden. Seeing that a home is vacant is normally a good sign that a seller will be motivated.
Does a home have multiple price drops? Is it priced below market value? Is the listing vacant and stage? These are all signs that a seller is motivated.
If a seller has made multiple price drops or if the home is priced well below market value, that shows you that a seller is wanting to get rid of their home as quickly as possible. Lowering the prices shows that a seller is wanting to attract attention with a low price.
These signs are screaming that a home wants to be sold and that a seller is motivated.
Sometimes when you a see a home you can tell that a family is outgrowing their space. If the kids are clearly bunking up or the house is filled to the brim, those are all signs that a family has outgrown a home. Not having enough space often indicates that a family is motivated to move on.
When a family is bursting out of their home, that’s often a sign that they’re motivated. There is nothing worse than not having the space that you need for your family.
Finally, when you’re asking questions about a home, if the seller is quick and responsive, that can be a good sign that they’re motivated. Sellers who want to ensure that a home sells quickly will be upfront about answers to your question.
Are you thinking about buying a West Knoxville home in 2018? We’re here to help! Let us know if there is anything that we can do for you. Rick can be reached at 865-696-9002 or via email at [email protected]. Kati can be reached at 865-696-1888 or via email at [email protected].
Start your home search today on our West Knoxville home search page!