BUYERS

Houses are flying off the market. Your agent should be on-point, bringing you listings as soon as they’re published, or be well connected to get you properties that haven’t yet been announced (pocket listings). There are strategies that get offers accepted! I have an excellent track record of working with clients to create an offer that gets noticed and accepted by Sellers. Whether you’re looking for your next home or are an investor or developer, your best interests are mine.

Tips for Buying in a Tight Market

 


 

Here are some great pointers. These are not rules, but very good suggestions from your real estate expert:

Increase your chances of getting your dream house in a competitive housing market, and lower your chances of losing out to another buyer.

    • Get prequalified for a mortgage BEFORE you start looking. I can suggest some incredible companies that I trust, who will prequalify you at no cost. You’ll be able to make a firm commitment to buy and your offer will be more desirable to the seller.

 

    • Stay in close contact with your real estate agent to find out about the newest listings. Be ready to see a house as soon as it goes on the market — if it’s a great home, it will go fast.

 

    • Scout out new listings yourself. Look at Web sites such as REALTOR.com, browse your local newspaper’s real estate section, and drive through the neighborhood to spot For Sale signs. If you see a home you like, write down the address and the name of the listing agent and I will schedule a showing. Two heads are better than one.

 

    • Be ready to make a decision. Spend a lot of time in advance deciding what you must have in a home so you won’t be unsure when you have the chance to make an offer.

 

    • Bid competitively. You may not want to start out offering the absolute highest price you can afford, but don’t go too low to get a deal. In a tight market, you’ll lose out.

 

    • Keep contingencies to a minimum. Restrictions such as needing to sell your home before you move or wanting to delay the closing until a certain date can make your offer unappealing. In a tight market, you’ll probably be able to sell your house rapidly. Or talk to your lender about getting a bridge loan to cover both mortgages for a short period. In the end, it is your offer. I will guide you as your expert, but you make the final decision.

 

    • Don’t get caught in a buying frenzy. Just because there’s competition doesn’t mean you should just buy it. And even though you want to make your offer attractive, don’t neglect inspections that help ensure that your house is sound.