ERA Justin Realty Offers Tips for Buying in a Tight Summer 2013 Market

Denise Leonessa, ERA Justin Realtor salesperson offers buying tips for a successful purchase. Denise had joined the firm coming from another Bergen County realty agency and focuses on first time and repeat home buyers and sellers throughout Bergen, Passaic, Essex and Hudson Counties.

ERA Justin Realty Offers Tips for Buying in a Tight Summer 2013 Market

"It's always hard to predict how long it will take to find a home to buy. Given the current limited inventory environment, it may take you longer than it would in a balanced market, but waiting and waiting may not work in your favor. Although patience typically is a key component of your home search feelings, when a home you like a lot comes along quickly in your search, other buyers may have the same idea. You could end up in competition and you may not be the winning bidder," suggests Ron Darby, ERA Justin Realty Broker Co-owner.

Denise Leonessa, a Realtor salesperson who joined ERA transferring from another area firm offered, "Plan to look at every new listing that comes close to satisfying your wish list. Accept that you won't find everything on your wish list. Successful buyers make sacrifices. Just make sure to make intelligent compromises, being sure that a home you buy will suit your needs for years to come.

There are benefits to seeing a new listing that’s a possibility for you in person rather than looking at it only online or having your salesperson describe it to you. In a low-inventory market, it’s vitally important to become focused. Follow up quickly if you plan to make a purchase as the listing may be sold to another buyer who also had seen the house. If you’ve educated yourself about local market pricing, try to distinguish a listing that is fairly priced.

Some real estate salespersons encourage their buyers to make an offer even if they haven't a chance because they feel it gives buyers a chance to get their feet wet. The problem with this approach is that after going through the process and losing out four or five times, you may feel burned out and drop out of the house hunting search altogether. We at ERA Justin Realty try to educate our buyers in advance to reduce the possibility of losing the house they really want to buy."

Darby added, "We proudly have a strong team of Realtor salespersons who caravan our listings in person so they can more accurately advise of the home's features. Make sure your salesperson is in touch with the listing agent of a listing you covet so that you have a sense of how much competition there might be. Then based on your pricing expertise, your financial capabilities and how close the house matches what you want, you can make an educated decision about whether to make an offer and what that offer amount should be. Factor this information into the affordability equation as you proceed. Have your salesperson watch for listings that may have lingered on the market as those sellers may have a strong degree of motivation when your offer is written. This type of listing may be a buying opportunity in today’s market."

Leonessa concluded, "There is a difference in real estate companies. Our buyers and sellers have put their thoughts in writing. We have on file for your viewing, ‘;What people are saying’; our report of over 700 quotes and reviews. No other area real estate firm can offer that. We have been a Realtor of choice since 1950 throughout our marketing areas."

All of the ERA Justin Realty full service Realtor salespersons can be reached at either of their two Rutherford offices at 118 Jackson Avenue and 57 Park Avenue. By office phone (201) 939-7500, (201) 438-0588 or (201) 438-SOLD. Also view 1000's of homes at their winning search websites at www.ERAJustin.com and www.ERAJustinRealty.com.