Tips for Buyers Home Hunting in a Hot Market
We’ve come a long way since the
darkest hours of the bottom of the home market. Now, buyers are finding the
competition for homes surprisingly stiff. The days of touring twenty homes and
deliberating over the tiniest details have slipped away.
So what can you do to increase
your odds at landing a home you can love? Here are a few tips to help as you
navigate this increasingly active market:
1. Get pre-approval for a loan before you begin shopping. Browsing
without the power to buy is a recipe for heartbreak now.2. Be clear about the neighborhoods you’re interested in before you
shop. Understand what the recent trends have been in terms of sales and competition
for those sales if possible.3. Be prepared to lose out on some homes. Yes, it’s likely that one
or two great candidates will get away. Mentally prepare yourself for the
possibility of being outbid or not getting an offer written in time.4. Have your agent familiarize you with multiple offer situations.
Ask specific questions about how it works and what to expect.5. Get cutting edge MLS information and/or information on homes not yet
on the market. Hot sheets and inside information on potential new listings
can position you for first in line. Work with an agent who has access to the
latest information and a solid network of connections in the community. 6. Make offers on multiple properties and see which gets accepted
first. If you have four homes which meet your criteria, don’t go round
robin on the offers. Write four and see what shakes out.
I’ve seen what it takes to win
a great home in a booming market, and would be glad to guide you through the
experience. And sellers, this is also a great time to get in touch and list
your home! Lynne Van Eck : firstname.lastname@example.org
Author:Kathy Toonder Phone: 941-544-7270 Dated: October 20th 2014 Views: 504 About Kathy: I enjoy walking the warm sandy beaches, swimming and watching the magnificent sunsets on Florida’s...
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