This summer is one of the best opportunities to buy a home in years.  Interest rates are flooding the market with buyers, making it very competitive market, but there are bargains to have out there.  It’s a matter of looking for the right home (and having the top real estate agents in Chesterfield helping you!).  The key is to look for some signs that the seller is ready to sell, and that they may be getting frustrated with the offers they are getting.  Here’s one way to find a home bargain this summer.

Look for homes that have recently dropped in price. 

While it seems like common sense, that often goes out the window during a house hunt.  Many hunters find their prey and hunt it down, not looking at the full market.  This is a mistake.  You should check for market inefficiencies, homes that may be overpriced but have stuck around long enough that the seller may want to take a lower amount for, to move it.

This doesn’t always work.  Sometimes homes are overvalued by the seller, and the price drop just gets you down to the proper price.  However, if the seller is already willing to lower their price, they may go a bit lower still if they are ready to move.  They may also have another reason for dropping the price, like they have bought another house and need to sell.  Whatever the reason, you can take advantage if you keep an eye out for homes with a Reduced-Price designation.

If you are ready to buy or sell your home, call Rick and Tracy Ellis of Keller-Williams Realty today to get the best deal!  We have 20 years of experience buying and selling homes in the St. Louis area, and nobody will get you a better deal on your home.  Call us at (636) 299-3702, email Tracy at tracy@tracyellis.com or Rick at rick@tracyellis.com or visit www.tracyellis.com to learn more.  You can also listen to us every weekend on FM News Talk 97.1, Saturdays at 4 p.m. and Sundays at 10 a.m.