02/18/2021 by Heise & Co. 0 Comments
Case Study: How Maryland Homebuyers Can Save in a Sellers Market
A combination of historically low interest rates and low supply have created a favorable housing market for sellers in the Greater Baltimore, MD area. Low interest rates are effectively providing Baltimore homebuyers with the ability to purchase much more house for their money.
Heise & Co. recently represented a buyer in purchasing a property in Catonsville, MD, traditionally an area with a lower inventory of quality offerings. The house that our client purchased was an attractive home with many upgrades in the Colonial Gardens neighborhood.
The house was on the market for just four days during which the seller received four offers. As the agent representing the buyer, we helped place our client in the winning position by employing a multi-pronged strategy that made his offer the most attractive even though it did not net the seller the largest amount of money.
Additionally, we were able to build a credit into the purchase price that allowed the buyer to keep his settlement expenses and out of pocket funds to a minimum.
In the market for a new home in Baltimore, MD area? Interested in learning how we can employ similar strategies to purchase a new home in a competitive real estate market like we did for this client? Give our Baltimore, MD-based real estate brokerage a call today 410-276-1983.