Lisa Oleksak-Sullivan - Westfield, MA Real Estate, Longmeadow, MA Real Estate, West Springfield, MA


For homebuyers, there may be nothing better than searching for a house in a buyer's market. Typically, a buyer's market is defined by several key characteristics, including:

1. Shortage of Homebuyers

In a seller's market, competition among homebuyers remains fierce. Therefore, a homebuyer may be forced to compete against several homebuyers to secure his or her dream home.

Comparatively, a buyer's market features a shortage of homebuyers, resulting in less competition for quality residences. As a homebuyer, this is ideal because it means that you may be able to improve your chances of securing a great house at a price that matches your budget.

If you're a homebuyer in a buyer's market, the ball is in your court. As such, you should take your time exploring the housing market and find a residence that suits your budget and lifestyle perfectly. By doing so, you likely will be able to secure your dream home without having to worry about the stress of competing against other homebuyers or exceeding your budget.

2. Abundance of Home Sellers

A buyer's market may be a tough time for home sellers. At this time, there may be many homes available, and home sellers might need to reduce the prices of their residences to stir up interest.

Meanwhile, an abundance of home sellers ensures there is a large supply of homes available. This may make it easier for a homebuyer to check out many terrific homes and find one at a below-average price.

Although a buyer's market presents many opportunities for homebuyers, it is important to avoid taking shortcuts. Instead, a homebuyer should devote ample time and resources to assess homes that meet his or her criteria and respond accordingly.

Furthermore, homebuyers should avoid the temptation to submit a lowball offer on a residence – even in a buyer's market. If you submit an offer that falls below a home seller's expectations, you may miss out on the chance to acquire your dream home altogether.

3. Steady Supply of Real Estate Agents

When it comes to shopping for a home in a buyer's market, working with a real estate agent is a great idea. A real estate agent can provide you with plenty of information about first-rate residences that you can enjoy for years to come. Plus, a real estate professional may be able to offer insights into a home that you may struggle to obtain elsewhere, making it simple for you to purchase a top-notch home at a bargain price.

Perhaps best of all, your real estate agent can offer recommendations throughout the homebuying journey. He or she also will be able to respond to any concerns or questions you have, ensuring you can remain calm, cool and collected as you transition from homebuyer to homeowner.

Employ a real estate agent to guide you along the homebuying journey in a buyer's or seller's market. With a real estate professional at your side, you can navigate the challenges of the real estate market and secure your dream house without delay.



1663 Russell Road, Montgomery, MA 01085

Single-Family

$129,900
Price

5
Rooms
3
Beds
1
Baths
Nothing to do but move right in! Why rent when you can own! This 3 Bedroom, 1 Bath Ranch has been Totally Renovated and sits quietly off the road. Featuring a Spacious Deck, Fully Applianced kitchen w/Tile Flooring, Living Room with Cathedral Ceiling & Recessed Lighting. Third Bedroom could also be used as home office/in-law bedroom. Updates include Newer Windows, Septic 2003, Roof 2005, Furnace 2017, Renovated Kitchen & Bath, whole house freshly painted, new flooring, new lighting. WOW - Don't Miss your chance to call this HOME!
Open House
No scheduled Open Houses





22 Montgomery Street, Westfield, MA 01085

Condo

$84,900
Price

4
Rooms
2
Beds
1
Baths
Why rent when you can own. With your finishing touches, this condo will shine again. Hardwood flooring in living room and bedrooms, finished space in basement for extra living space. Conveniently located close to shopping, highway access
Open House
No scheduled Open Houses





2 Ascutney Ave, Westfield, MA 01085

Single-Family

$69,900
Price

4
Rooms
1
Beds
1
Baths
MOTIVATED SELLER! Why rent when you can own! With a little TLC and your finishing touch, this ranch will shine again and you will have INSTANT EQUITY. Located close to shopping areas, restaurants, easy highway access and in an area with many businesses, fantastic location for future potential usage such as office/business - buyer to verify intended use with City. Priced well below assessed value. Opportunities await!
Open House
No scheduled Open Houses

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70 Pineridge Drive, Westfield, MA 01085

Single-Family

$424,900
Price

9
Rooms
4
Beds
2/1
Full/Half Baths
This Unique, Spacious 4 Bedroom, 2.5 Bath Victor Shibley built Colonial, set on an Acre Lot, features Kitchen w/Stainless Appliances, Center Island & Granite Countertops, Family Room with Fireplace, Formal Dining Room & Living Room, Two Story Foyer. Second floor offers four generous sized bedrooms, Master w/Master Bath, Second Floor Laundry and separate Loft/office area, front and back staircases allow for In-Law space potential. Exterior features private lot, storage shed and deck for outdoor entertaining. Amenities include Walk-out basement, C/Vac, C/Air, Security System, most of interior freshly painted, newer hardwood floors, BRAND NEW carpeting being installed on 2nd level beginning of July, neutral grey. Located in Munger Hill area, close to shopping, golf course, Columbia Greenway Bike Trail & more.
Open House
Sunday
July 23 at 2:00 PM to 3:30 PM
Cannot make the Open Houses?
Location: 70 Pineridge Drive, Westfield, MA 01085    Get Directions

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