C : 732.567.0162 | O : 732.449.3322 | jsmith @ wardwightsir . com jacobsmith . wardwight . com Sales Associate

NJ REALTORS ® Distinguished Sales Club NJ REALTORS ® Circle of Excellence Sales Award ® - Platinum 2020-2022 2023 Real Trends America ’ s Best Real Estate Professional

In the current real estate market , home buyers often face several challenges . Here are some solutions to help address those challenges :

Limited Inventory : The lack of available homes for sale can make it difficult for buyers to find suitable options . To overcome this challenge , buyers should work closely with experienced real estate agents who have extensive networks & local expertise , consider expanding their search criteria and exploring up-and-coming neighborhoods with potential .

Bidding Wars : Competitive bidding situations can make it challenging to secure a desired property . Buyers can position their offer to best suit the seller . Closing date , occupancy terms ( possibly offering a Use & Occupancy agreement ), mitigating the risk associated with under appraisal by pledging to “ pay the difference ,” waiver or partial waiver of the home inspection contingency , and to attempt to provide the highest offer , potentially by use of an escalator clause , are strategies that could lead to a winning bid .

Speed and Timing : The fast-paced nature of the market may require buyers to act swiftly . Being prepared in advance , having necessary documents ready , and maintaining open communication with agents can help buyers submit offers quickly . Flexibility regarding closing dates can also make offers more appealing to sellers .

Information Overload : Buyers can feel overwhelmed by the vast amount of information available online . Engaging a knowledgeable real estate agent can provide valuable guidance and expertise , ensuring buyers have access to accurate and relevant information to make informed decisions .

It ’ s important for home buyers to remain patient , persistent , and adaptable throughout the process . By leveraging professional assistance , being well-prepared , and exploring various options , buyers can navigate the challenges of the current real estate market more effectively .

Joan McDermott , Sales Associate | C : 732.859.8957 | O : 732.449.3322 | jmcdermott @ wardwightsir . com

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For a private listing consultation or to discuss the intricacies of the Jersey Shore housing market please call or text Jacob L . Smith .

Jacob L . Smith 732.567.0162 cell

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