How to Buy a Home in a Seller’s Market: 7 Expert Tips
By Leslye Fligor, LandVest | Christie’s International Real Estate
Looking to buy a home in a competitive seller’s market? With low inventory and high demand in Greater Boston and surrounding areas, it’s important to be strategic. Here are 7 expert tips to help you land your dream home:
1. Target Homes on the Market 30+ Days
Homes that linger may offer room for negotiation. Typically, a property on the market for 30+ days can allow 5–10% off the asking price.
2. Skip Extreme Fixer-Uppers
Focus on structurally sound homes with cosmetic updates. Avoid full renovations, they’re costly and time-consuming.
3. Consider Condos, Townhomes, or Multi-Family Homes
Alternative property types can save money and reduce maintenance. An ADU or rental unit can also help offset your mortgage.
4. Be Flexible About Home Styles
Location and lot quality matter more than style. A smaller or different-style home may be more affordable now and expandable later.
5. Make Backup Offers on Contingent Homes
Contingent properties can fall through. A backup offer positions you to move quickly if the first deal fails.
6. Explore Foreclosure Auctions
Foreclosures can be below market value, but preparation and understanding the rules are critical.
7. Remember: Price Isn’t Everything
Sellers may value flexible terms, timing, or contingencies over the highest offer.
Pro Tip: In a tight seller’s market, strategy, creativity, and flexibility are just as important as your budget. Consider all options—from backup offers to alternative property types—to increase your chances of success.
