What are you waiting for? Huatulco is a buyer's market!

If you have been considering a vacation home in the tropics, now is the time to do it...in Huatulco, it’s a buyer's market right now. There is no better timing for you to finally own your dream home in the tropics!

A buyer’s market exists when there are several properties for sale with fewer buyers competing to purchase them. Buyers have choices and often feel more confident in making a decision. And when buyers have lots of homes to choose from, sellers soon compete to get their house sold. As a result, prices are often reduced. And sellers are generally more willing to consider offers because they understand that there are fewer buyers overall. if they refuse to accept your offer, they might have to wait awhile for another.

And there are some things you can do to maximize your success in a buyer’s market:

Request e-mail updates - most home buyers start their search online. However, many buyers are unaware that information could be outdated. For example, some agents leave sold or expired listings on their website in hopes of attracting inquiries. Ask your agent to register your e-mail address so you can receive regular updates of reduced prices and new listings.

Request a tour - most buyers want to offer less than the asking price...that’s natural. If you tour a home that has had a recent price reduction, or has been on the market for awhile, those sellers are more likely to accept your lower offer than someone who has not toured the house.

Ask for comparables - when you find a home you want to buy, ask your real estate agent to show you a list of homes that are similar in terms of size, price, and location. This will allow you to see what other sellers are asking and how many others are for sale in the area.

Ask for a credit - If you find the perfect home but you don't like the color or condition of the bathroom, for example, ask the seller to give you a credit in your offer to purchase. Some sellers are willing to give you a credit for more than it will actually cost to repair or replace an item just to overcome the hassle having to do it themselves.

Reduce your closing costs - there are fees associated with closing that are customarily paid by the buyer, however in a buyers' market, you can ask the seller to pay all or some of these closing costs. Ask your agent if these fees are negotiable and then ask the seller to cover them.

Request extras - most sellers realize they often have to give a little something extra to move the sale forward. Don't be afraid to ask for items in your offer and use it as part of the negotiation. This tactic can draw the seller away from house price and direct their thoughts towards other things. If, for example, the washer and dryer are not included in the price, ask for them as part of the deal.

Ask for a short acceptance period - generally, there is no reason to give a seller more than 48 hours to make a decision about your offer. You don't have to give them weeks to decide. There are other homes for sale and you deserve a timely answer.

Despite the lack of a multiple-listings service, our company provides clients with the ability to view and purchase any property for sale in the area, regardless of who the property is listed with. If you are ready to buy, we are ready to help you with the process from beginning to end!