Tips for Buyers in a Competitive Market
Tips for Buyers in a Competitive Market
Given I haven’t seen a whole lot of homes come up for sale these days, it goes without saying buyers are still facing a very competitive market when trying to purchase a house. Below are some tips to increase your chances of getting that dream home.
- Move quickly when something new pops on; homes tend to sell within the first few days of being on the market.
- Offers need to be submitted with proof of funds or a lender letter. Get pre-qualified with a local lender or better yet, get pre-approved. Pre-approval means you submitted verification of your finances and had a credit check.
- You typically only get one shot to compete so put in your highest and best offer up front.
- Find out the ideal closing date for the sellers and use in your offer. Flexible dates can make your offer more attractive.
- Have inspections for informational purposes only or waive a certain amount of dollar repairs so sellers know you will not be re-negotiating the price.
- If possible, guarantee you will purchase even if the home’s appraisal is less than the contract price by stating you will pay the difference between the two.
Addressing price, time, convenience and certainty can position you for success in this competitive market. Contact me to put my 28 years of experience to work for you.
Contact Donna Forest: 603-526-4116
You’ll be moving in the right direction with Better Homes & Gardens Real Estate - The Milestone Team