Saving with 6abc: Real estate guidelines

July 1, 2013 12:17:02 PM PDT
Experts say the local real estate market is hot this summer and whether you are buying or selling we have some secrets from realtors to help save you some money and headaches!

For Sellers:

* Set a realistic price. Too many people get greedy in a hot market and then act surprised when nobody bites... or buys.

* Experts say a better plan is to underprice your house by about 10%. Buyers will notice the low price and this can eventually spark a bidding war

For Buyers:

* If you are engaged in a bidding war, what kind of strategy should you take? Experts say go as high as the absolute maximum price you would ever be willing to pay. Don't bid more than you can afford.

* Give the seller some breathing room. Sometimes it works to offer to close quickly to seal the deal. But often the seller hasn't found a new house yet, and feeling rushed can also be a turnoff.