You have heard it is a seller’s market out there. So what does that mean for you as a buyer? Are you out of luck? No, not at all! However, if you are thinking of buying in the near future, there are handful of things you want to prepare for when it comes to buying in this market…
Meet with a Lender Early.
Before you set foot in your agent’s car, make sure you have met with your lender, have a preapproval in hand, and are ready to make an offer if you find the right house.
Make your List of Must-Haves and Nice-to-Haves.
Before you begin looking, make a list of must haves and nice to haves. You don’t want to forget about something that is a must for you when you see a gorgeous home.
Prepare for a Bidding War.
With multiple offers on so many homes, you have to be prepared to compete. Make sure you are clear on what you can afford and make your first offer your best offer.
Don’t Let your Emotions Get the Best of You.
Buying your new home can get emotional, but try to step back in the process and think clearly. This is a HUGE purchase you are making after all.
Get Yourself an Amazing Realtor. (ME)
Now is not the time to use your 2nd cousin who does real estate on the side. Make sure you choose an agent who is fluent in the current market and knows how to negotiate.