If you're shopping for a home in Hoboken to purchase, or an apartment to rent you are facing the same challenges. Buyer's want to look at many homes, until they find the perfect one. Renters also want to look at many apartments with hopes to find the perfect one. Both aren't in a rush. Problem is, everyone else is looking for the same thing, and they are seeing the same properties you are, and, some are in a rush because of leases ending, school and jobs starting... While yes, you absolutely have some more options, don't think time is always with you. It happens over and over again, buyers and renters take a day or two too long and end up either losing a home or end up paying more for a home.
Two examples, Willow - an apt had been on the market for a while, was reduced aggressively and there were 2 people interested. The first one, waited to make an offer knowing they wanted the place, but decided would think about it. Owner agreed. Second person came in and made a higher offer right away after the 1st had signed the paperwork. The 2nd one saw it, liked it and aggressively went for it. First one lagged and had they moved quicker would've had the apt, and at a lower price than the 2nd ended up getting it for.
Next, Grand - a buyer saw a home that they loved, it was perfect and at a good price. They decided, it's a buyer's market, no one else is going to make an offer, let's wait to make an offer and see if it goes down. About two weeks later buyer sees the property is no longer on the market.. buyers are very upset. They decide at this point to offer full price, but before they were hoping to offer well below asking and negotiate.. Unfortunately buyers are too late and the property is in contract. Now they are still looking for a home like the one they fell in love with. It's been a month and nothing...And I can almost guarantee that the first buyers are not paying full price.
Keep in mind when you sign a lease or a contract it isn't binding until the three day attorney review period is over and the owner/seller has also signed the contract.
Ladies, early bird gets the worm.
And - at a better price!
But you know this already! You're savvy and know what you want so when you see it you'll be ready :)
Happy house hunting and best of luck!!
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