Buyers Hoping For a Good Deal Need To Act Fast!
Things are moving quickly in the real estate market right now, so buyers hoping for a good deal need to act fast! In fact, 230 homes have gone under contract in less than a month. So, what can you do as a buyer to improve your chances?
Get Some Professional Help
Get Pre-Approved- The beautiful homes with the incredible updates will get multiple offers. Sellers want to know that the person making an offer on their home is able to complete the purchase. Buyers who get pre-approved won’t fall in love with a home that you can’t afford to buy. Most importantly, having a loan officer you are already comfortable with is always beneficial.
If you have tried to get a mortgage already and failed, try again. Mortgage approvals are on the rise, you may qualify now especially if you took steps to correct any problems you may have had.
Work with a REALTOR®- Don’t waste your time searching the internet especially on websites that may not have the most up to date information. Call a REALTOR® and go over with them what you are looking for in a home. A good REALTOR® will be checking new listings on a regular basis.
They will set you up with an email search to have new listings and homes that may drop into your price range sent right to your email box. Don’t wait to find a REALTOR®. As a result you may get into that great new listing and it will be under contract with someone who worked with a REALTOR®.
Have Deposit Money- Make sure you keep money available for a deposit. If you get into a multiple offer situation, a seller will consider all terms and a larger deposit makes for a stronger offer. Either way, you don’t want to wait to write that check if there is a lot of interest in the home.
What should you do if you are planning on selling your home and taking advantage of this market?
List Now! You don’t want to wait for all the other sellers to come on the market and provide more competition. Lot’s of homes sell right now, buyer who are out looking right now are very serious about finding a home. Take advantage of the market as it is right now, and list your home for sale!