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If you’re a homebuyer right now, you’re probably a little frustrated. There aren’t enough homes to choose from, and you’re likely having to write multiple offers on tons of properties before one is accepted. Today I have a few tips to help make things a bit easier for you.
Let’s say you’re approved for a $500,000 home. You should include homes that are priced slightly below that in your search because most homes are selling at or above their list prices. You need a little wiggle room, so you might want to amend your search to the $450,000 price point.
You should also get pre-approved by a lender before you start the home-search process. People often skip this step, find the perfect house, and only realize later that they can’t qualify for it. If you’re not pre-approved, you don’t know how much you can afford, and neither do home sellers. Most lenders can get you approved within a few days.
You’ll also need a good, seasoned, and aggressive agent. It’s a tough market, and you want all the experience you can get on your side. For example, you may have to waive some contingencies to stand out. You wouldn’t have to do this in a normal market, but your agent can help you through the process safely.
My biggest piece of advice is to not give up. More homes are being listed; they’re just selling quickly. If you’re aggressive and have the right agent on your side, I like your chances of home-buying success.
If you have any questions about buying a home or real estate in general, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.
