Long & Foster Real Estate, Inc.
Marsha Wolber, Long & Foster Real Estate, Inc.Phone: (703) 618-4397
Email: [email protected]

Assess the Seller's Perspective

by Marsha Wolber 02/28/2021

A homebuyer who considers the seller's perspective may be better equipped than others to enjoy a successful property buying experience. In fact, this buyer should have no trouble submitting a competitive offer to purchase – something that may lead to a fast home purchase.

Now, let's take a look at three tips to help you analyze the seller's perspective.

1. Review a Home Listing

A home listing provides a great opportunity to learn about a house. It also enables you to analyze how long a house has been available, a residence's features and other factors that may dictate your decision to pursue a residence.

Assess a home listing closely. If you believe your expectations fall in line with a seller's after reviewing a listing, you may want to consider setting up an in-person showing. Or, if you believe a home does not match expectations, you may want to continue to look for your dream house.

2. Check Out a House In-Person

If you find a home you may want to buy, it generally is a good idea to set up an in-person showing. At this point, you can see how a seller has maintained a house and determine if a home is right for you.

Typically, a real estate agent is ready to respond to a buyer's concerns and questions during a showing. This housing market professional may be able to provide insights into why a seller has listed his or her residence. And as a result, you can use these insights to make an informed decision about how to proceed with a house.

3. Understand the Local Housing Market

The local housing market fluctuates, and it may favor buyers or sellers. If you study the local real estate sector, you can differentiate a buyer's market from a seller's market – or vice-versa.

In a buyer's market, there may be an abundance of quality houses available at budget-friendly prices. On the other hand, in a seller's market, there may be a shortage of first-rate houses, and those that are available may be in high demand among buyers.

Keep in mind how a seller's perspective may vary based on the current housing market's conditions as well. If a buyer's market is in place, a seller may be ready to accept a competitive offer to purchase his or her residence. Conversely, in a seller's market, a seller may be reluctant to accept an offer to purchase that falls below his or her initial home asking price.

Lastly, as you get set to embark on the homebuying journey, you may want to hire a real estate agent. This housing market professional can teach you everything you need to know about buying a house. He or she can help you analyze the seller's perspective and make an informed home purchase too.

Ready to navigate the homebuying journey? Use the aforementioned tips, and you can assess the seller's perspective and boost the likelihood of enjoying a successful homebuying experience.

About the Author
Author

Marsha Wolber

Marsha Wolber - A Little Background Marsha Wolber was born and raised in Pittsburgh, PA and graduated from Carnegie-Mellon University. After college, Marsha moved to Boston, MA where she worked in the information technology field as an applications programmer and software manager. She and her family moved to Fairfax County in 1987 and have lived here since then, except for a brief 4 year stint in the San Francisco Bay Area. Marsha’s family returned to Fairfax County from California primarily because of the quality of life and top notch education provided by our public schools. She and her husband Noel have two daughters, both graduates of Robinson Secondary School, the eldest a graduate of George Mason University and the youngest a graduate of Auburn University. 

For the Record: 

Helping Sellers Succeed Since 1997

Top 5% of Agents Nationwide 

Lifetime NVAR Top Producer 

Lifetime NVAR Multi Million Dollar Club 

Member NVAR Diamond Club Top Producers

Long & Foster Founder's Club

Named as one of Best Top Producing Agents in 2015 by Washingtonian Magazine 

Named one of Best Top Producing Agents in 2020 and 2016 Northern VA Magazine 

Certified Relocation Specialist Professional 

Careful, Focused Attention to Help my Clients Meet Their Goals

Affiliated with the top Long & Foster VA office