Tips for Buying a Home in a Seller's Market

Tips for Buying a Home in a Seller's Market

As we end January 2021, we are in a 'Super Seller's Market.' If you want to buy in Arlington or Somerville, you cannot afford to be casual.

The Winning Formula

• The 'Midnight' Search: Listings hit the market on Thursday; you should see them on Friday morning.
• Limit the Ask: Avoid asking for 'seller credits' for repairs. In this market, the seller has all the leverage.
• The Escalation Clause: Use this to ensure you stay $5,000 above any other offer without bidding against yourself.

The Emotional Shield

You will likely lose a few bidding wars. It's important to stay objective and persistent. The right house will come, but you must be ready to move at lightning speed.