Is It Adequate To Offer Asking Price In Today’s Housing Market?

Metropolitan Addis Apartments for buyer

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If you’re planning to buy a home this season in Addis Ababa, you’re probably thinking about what you’ll need to do to get your offer accepted. In previous years, it was common for buyers to try and determine how much less than the asking price they could offer to get the home. The buyer and seller would then negotiate and typically agree on a revised price which was somewhere between the buyer’s bid and the home’s initial asking price.

In today’s Real Estate market, buyers shouldn’t shop for an Apartment with similar expectations.

Things Are Different Today

Today’s housing market is anything but normal. 

Homes selling quickly and receiving multiple offers show how competitive the housing market is for buyers right now. This is because there are more buyers on the market than homes for sale. When the number of homes available can’t keep up with demand, homes often sell for more than the asking price. Metropolitan Real Estate is building number of projects both for commercial and residential use in luxury and standard type of Apartments.

How Does This Impact You When It’s Time to Submit an Offer?

Market conditions should help guide your decisions throughout the process. Today, the asking price of an Apartment is often the floor of the negotiation rather than the ceiling. Knowing this information is important when preparing an offer, but you should also use it when looking for homes. You obviously don’t want to fall in love with an apartment that sells for more than you budgeted.

The best thing to do is set your budget and expectations ahead of time so you know how much you can afford to offer and when to walk away. This will make negotiations a lot easier.

When you find the home of your dreams, you should submit your best offer as soon as possible in order to win a potential bidding war. Knowing the current market is key to crafting a winning offer. That’s where working with an expert real estate advisor becomes critical.

Real estates which are professional will draw from their experience and expert-level knowledge of today’s housing market throughout the process. They’ll also balance conditions in your area to make sure your offer stands out above the rest. Metropolitan Real Estate has more than 25 years experience in building Apartments and delivering them on time to the owners this means you have no doubt to contact and get help to find modern luxury and standard Apartments at a reasonable price.

Understanding how to approach asking prices and what’s happening in the current real estate market are important for buyers. Let’s connect so we can work together to create a winning plan for you.

BOTTOM LINE

Experts project home prices and rates will increase at the end of 2022. That means ready buyers should act soon and find ways to strengthen their offers to meet sellers’ needs. Let’s connect today to learn how you can win in today’s market.

Let us connect today, on Metropolitan Real estate, to learn how you can win in today’s market. Which has multiple ongoing projects such as The Metropolitan Tower at Bole Rwanda in front of Mamokacha cafe. Metropolitan Central Tower Luxury Apartments are around AU headquarters. Metropolitan Westview Standard Apartments is located at Total Soset Kuter Mazoriya and The Metropolitan Residence is located around Bole Main Road, In front of Mega Building. Contact us with the Ethiopian office: +251973404040 and the USA office: +1480 280 2242. 

SOURCE – Paige Rose 

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