The latest national polling of real estate professionals yields a convincing picture of a market that's stubbornly remaining in the sellers' corner. If so, this August's home hunters shouldn't be surprised to find competition for the Costa Mesa homes for sale—and reason to take the two most often-cited preparatory steps for maximizing chances of landing a property they've decided on.
The National Association of Realtors®' latest member survey reaffirms the continuation of buyer competition, in part due to the limited number of available listings. That may be good news for sellers: nationally, homes typically sold in 17 days—a full week faster than last year's average of 24 days. Buyers, on the other hand, often faced stiff buyer competition for the most appealing offerings. On average, homes that sold received more than four offers.
Experienced buyers could easily see the wisdom of taking the two most universally agreed-upon preparatory steps:
- Step 1: Hire an agent. This first action demonstrates to Costa Mesa sellers that they are now dealing with a buyer who is serious and professional. Sellers who are evaluating competing offers know that when a licensed Costa Mesa Realtor submits their client's offer, it will always be legally correct and constructed in a manner designed to make the response easy and unambiguous. Offers made by non-professionals often create technical and legal ambiguities that veteran sellers avoid. On top of everything, hiring a licensed agent costs nothing since it's the sellers who pay the buyer's agent commission after the transaction is finalized.
- Step 2: Secure a lender's pre-approval. The trust established by being represented by a licensed Costa Mesa Realtor is sealed when a lender's pre-approval letter is part of the submission. More than simply demonstrating your solid financial backing, it shows that your offer represents the work of a professional team—a team you have assembled that takes the guesswork out of the seller's decision. If competitive offers don't measure up, the seller's choice is bound to be straightforward.
This August's market may put sellers in the driver's seat by providing an opportunity to choose between offers, but it can also be a buyer's opportunity to get a headstart right out of the gate. Call us to discuss your ideas and how to get started!
We are built on a philosophy of Heritage & Hustle. The L3 is a full service real estate agency with a regional office located in the heart of #CostaMesa, offering a wide-array of custom services to meet their clients’ needs with roots in the community since 1976. It’s L3 mission is to provide trusted, convenient, responsive service to ensure clients enjoy their real estate experience. The L3 was originally formed to offer personal, concierge-level service as an alternative to the large, nationally based real estate companies. From its small beginnings of only two employees, The L3 has grown to a full staff of 25 serving over 300 clients a year. The L3 is not limited to serving just its clients; it is also committed to serving the community. Not only has The L3 donated hundreds of hours to many area charities, they have also received the prestige of being named one of the #toprealestatecompaniesinCostaMesa If you’re interested in #buyingorsellinginOrangeCounty, turn to the experts. Turn to The L3 and let them help you make your real estate buying or selling dreams come true. For more information or to get started on finding or selling your home contact The L3 today at 714-444-4663 or email us at firstname.lastname@example.org
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