With the low inventory of homes, Lehigh Valley Home Buyers are having a problem finding a home they wish to purchase.
A home buyer may be spending months instead of weeks trying to find the "perfect" home. They've looked at all of the current inventory and feel the homes are over-priced, need too much work or have some other negative that won't work for them. They are awaiting the daily notification of any new homes on the market.
This causes a lot of emotion/stress on the home buyer and may result in them making a quick decision to place an offer on a home, paying more than they originally anticipated and relaxing other items such as some of the inspections, sellers assist and closing date.
After the acceptance of the offer, things calm down and the inspections gets done. The buyer now has time to digest everything and decide if any "issues" with the home should be corrected for them to complete the purchase.
Based on the report, the buyers may feel the home has needed repairs and/or they over-paid for it. The buyer can terminate on the sale or try to renegotiate with the seller.
If the Home Seller doesn't agree to Negotiate, the Home Buyer can walk away from the purchase and they MAY depending on their concerns and situation.
A Lehigh Valley Home Seller should carefully review and decide how to proceed.
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