Buying Cambridge Real Estate In A Seller’s Market

If you’ve found a piece of Cambridge real estate that you have your heart set on and the cycle makes it a very hot seller’s market, there are a few techniques you can learn to come out the winner and get the home that you want.

First and foremost, you’ll need to act quickly. If you’re a day or more ahead of the other offers and your financing is in good order, you stand a better chance of having a seller accept your offer before the others come in. If you procrastinate, competing offers will come in and some of these may be better than the one you’ve put forward.

When your offer is couched with a professional presentation, it’s also more likely to be accepted. The Cambridge homes that you’re looking at are more than likely high end places. If you use a professional-looking contract with a personal cover letter written on attractive letterhead then the seller is more than likely to pay attention to your offer. Explain why you should have the home, but remember not to beg. Keep it unemotional and talk about the facts. How the place would be good for your children to live in and how you like the home above the others that you’ve seen. Make specific statements that you can back up and make a reasonable offer.

Remember that one of the surefire ways to get your bid noticed is to offer more money than your competition. By presenting a reasonable offer on the Cambridge home of your dreams, one that comes close to the seller’s asking price, you cement yourself as someone who is serious about buying the property.



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06 2009

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