"Can I take a day to think about it?" Not in this market!

Posted by Erin Salem on Monday, June 18th, 2018 at 12:35pm.

Several times every week, one of the Round Table Realty agents shares a story in the office about a buyer who waited to make an offer. It’s a nearly identical story every time. A Round Table Realty agent shows their client a hoe in the Jacksonville or St. Johns real estate market, the client loves the home but decides to wait a day or two to “think about it,” and the home ends up under contract before the client can make an offer. The client is disappointed. The agent is sad for the client. The entire experience stalls or stops altogether.

If you’re in the Jacksonville or St. Johns market for a home, there are a few things you should know:

1. According to Trulia, homes are on the market an average of 64 days. That’s not listing-to-offer time; that’s listing-to-closing time! From the day a home goes on the market to the day it closes is at or around two months! That’s incredibly fast.

2. Having a real estate agent who specializes in single agency is the greatest defense against a fast-moving market. (If you don’t know a lot about the difference between single agents and transaction agents, you can learn more about it by clicking here.) Round Table Realty encourages its agents to act as single agents whenever possible, and that means you’re going to get more information more quickly regarding the homes you’re interested in. This can have a huge affect on your ability to act fast when you see a home that’s worth an offer!

3. Being ready with a letter from a lender will improve your chances of getting in under the line when it comes to making an offer. A pre-qualification, a pre-approval, or best of all a loan commitment letter, will give you a leg-up amidst a sea of hungry buyers! (If you don’t know the difference, you can learn more about it by clicking here!)

There’s never a guarantee you’ll get the home you want no matter who your real estate agent is. But Round Table Realty agents know the best ways to help you step out ahead of other buyers! Call one of our agents today and let them walk you through the steps that will front load you for success!

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