Shopping for a home this summer, and feeling like you missed out because you weren't able to close on a home early in the season? There are actually quite a few advantages to late-summer shopping around Albany, Corvallis, and Lebanon, with a strong selection of homes and the potential to find sellers who may be more open to negotiating than they were earlier in the season. Our real estate agents have more on how you can turn late-summer shopping into an advantage as a buyer around Albany, Corvallis, and Lebanon.

Buying in Late Summer Around Albany, Corvallis, and Lebanon

Understand the Motivations of Sellers

Late spring through early summer is typically the busiest stretch of the year for real estate, so many sellers hope to have the deal sealed during the summer months. As the calendar turns to late summer and early fall, some sellers still seeking a buyer may become more motivated. This means you might be able to obtain concessions, negotiate a better price, or ask for contingencies. Some sellers will still be content to wait, but you can find sellers this time of year who want to close a deal quickly.

Do Your Homework on Homes

With so much action on the market in spring and summer, it's no surprise that more homes may enter the market during these months as sellers look to take advantage of increased buyer activity. So while you might think a home still sitting on the market in late summer has a significant issue, it's better to evaluate homes on a case-by-case basis. Some great, high-quality homes can still be available later in the summer, presenting excellent opportunities for buyers as they weigh their options and the seller's circumstances.

Seek Motivated Sellers

The more motivated the seller, the more opportunity there may be to negotiate favorable terms as a buyer. However, sellers can have vastly differing levels of motivation this time of year. Some may be hoping to close before fall schedules get busier, while others are more content to wait for an offer that checks all their boxes. Work with your agent to gauge each seller's motivation level.

Be Prepared to Negotiate

While sellers may be more motivated in some situations as summer winds down, this doesn't mean they'll be ready to concede on every point in negotiations or sell the home at far below market value. So it's still important to be respectful and proactive in negotiations, while working with your agent to determine where you may have room to negotiate based on the situation. This is another area where it's wise to lean on the help of your agent for the best results.

Work with the Right Real Estate Agent

Whether you're aiming to understand the motivations of sellers, find a great home that's still available later in the summer, seek the most motivated sellers, or negotiate the best deal, your real estate agent can be an important advocate throughout the process. Make sure you're working with an agent who you trust to understand your needs, help you find the best homes, and negotiate the best deal on your behalf.

Find Your Next Home This Summer with Help from Our Team

Ready to take the next steps toward achieving your late-summer real estate goals? Our new listings in Albany, new listings in Corvallis, and new listings in Lebanon/Sweet Home are sure to have something for you. Contact us to buy and sell homes throughout the Albany, Corvallis, and Lebanon, OR, area.