3 Tips to Get the Property You want for the Price You want!

As some buyers are in the wait and see mode, we thought it would be helpful to give a couple of tips to get the deal that you want on the property you want. As interest rates are at historically low levels this is a rare occurence where there are proeprties to choose from and good rates to borrow money.

So...if you see the property you want but are hesitant because you feel the prices might drop here are 3 tips to get the price that is right for you.

1. Write the offer for the price you want! - That's right if you feel there is going to be a drop, write below the asking price so that you feel comfortable with what you are offering. Keep in mind you won't be picking up Long Beach condos or homes for 50 cents on the dollar but you may be able to get 7-10% off of the list price depending on how competitively priced it is.
2. Be Prepared - Ensure that you include your FICO scores, proof of funds, copy of check, and pre-approval with your offer. Whether you are offering on a REO (foreclosure), short sale) or a traditional seller this will help you get a strong discount.
3. Understand the Market - Review the listings provided by your local Long Beach realtor or use the FREE Long Beach MLS to see what is out there so you can recognize a good deal from a great deal! If a property comes up that is rarely available in an area (maybe like a condo in Alamitos Beach with parking) and it is priced under what the other ones usually go for, don't wait! Go and get the deal you want by putting out an offer. By reviewing the listings on the MLS system you will know what is a good deal and will not have to wait for someone to tell you it is a good deal.

Try these tips so you can get the property you want in the area you want! Have fun shopping as it is a rare time to have such great choices available.