Why Do You Need a Buyer’s Partner Representing You?

Buyers need a buyer partner to represent them in our market so they can look out for their best interests and get the best deal possible.

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In our market, it is very important that you as a buyer have a buyer partner representing you. As our very own buyer partner Melissa Hayes explains it, a buyer partner is someone who protects the buyer, works with them from start to finish throughout the transaction, and helps them through the whole process. They can also make sure you have certain stipulations put in the contract that are for your benefit.

A buyer’s partner protects buyers and makes sure they get the best deal possible.

What do buyers need protection from? A few different things. For example, if you pull up to a house and see an agent’s name on the “For Sale” sign, that agent is representing the seller and looking out for their best interests—not yours. A buyer’s partner like Melissa, on the other hand, protects her buyers and makes sure they get the best deal possible. Think of it this way—if you were getting divorced, you wouldn’t want the same lawyer representing you and your soon-to-be ex-spouse, would you? If you have any questions about buyer partners or you’re thinking of buying a home in our market, don’t hesitate to give us a call or send us an email. We’d love to speak with you.

What's Going on in Today's Clarksville Market?

Today I’m joined by one of our buyer partners, Melissa Hayes, to bring you the latest information from our market. It’s time for another market update.

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Today I’m excited to bring you the latest information from our market. To help me do so, I’m joined by Melissa Hayes—a buyer partner on our team.

Whether you’re a buyer or a seller, it is critical to understand what’s happening in our Clarksville market.

First of all, we had 1,377 properties on the market at this time last year. That number has since dropped to just 1,046 properties on the market right now. This 24% decrease means we’re in a seller’s market.

As a buyer’s partner, Melissa is a valuable resource to people trying to get an offer accepted in this kind of market.

According to Melissa, we’ve closed on 3,108 properties so far in 2017, compared to the 2,794 that closed last year. This 11.24% difference illustrates just how much the market can change in a year.

Homes on the market move quickly. As Melissa puts it, they are “here today, gone tomorrow.” Right now, the market is truly competitive.

Homes in today’s market are here today, gone tomorrow.

In 2016, the average list price was $174,800. This year, that average has gone up to $183,400. However, the average number of days on market has decreased—moving from 66 last year to 57 now.

If you’ve been thinking of selling, the time is now. Buyers have a lot of opportunities right now though, too. Even so, many buyers wonder what an appropriate offer looks like.

Typically, this can be determined by following the statistics related to the list-to-sale ratio. The list-to-sale ratio refers to what sellers ask for compared to what they actually get. Currently, sellers are receiving about 99.02% of the list price.

This is sometimes a good starting point for offers, but in competitive situations it may be better to offer more. It’s incredibly important to work with a buyer partner like Melissa who will be able to guide you through the market.

If you’d like to contact Melissa, you can give her a call at (931) 245-7435.

Also, if you’d like more information or have any other questions, feel free to give me a call or send me an email. I look forward to hearing from you soon.

How to Hire the Right Buyer's Agent

In this crazy seller’s market, it’s important to find the right buyer’s agent for a number of reasons.

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If you’ve been watching the statistics every month, then you’ve seen that we’ve been shifting more and more to a seller’s market. This month, we are definitely there. So what does that mean to you? In a seller’s market, there are a lot more buyers in the market than we have inventory for. It’s very important as a consumer looking to buy a home that you find the right buyer’s agent that will get the job done for you. You need the right agent for a number of reasons. One, in this crazy market, you need to make sure the agent you work with knows how to navigate the market and can find properties using unconventional methods.

In this market, you need the right buyer’s agent.

You need an agent who also knows how to negotiate in a multiple offer situation. When you’re trying to win a bid for a home, it’s important that you have an agent who knows how to negotiate and make your offer stand out.

Lastly, you need an agent who knows the statistics of the market. Knowing how the market is changing from week to week will help the agent educate you on how to make the right deal.

If you have any questions about this topic or you’re looking to buy or sell your home, give me a call. I’d be happy to help!