Are you hunting for a home in a market where inventory is low and there’s often a bidding war for properties in your price range? Follow these tips to maximize the chance that you’ll close.
1: TREAT YOU HUNT SERIOUSLY:
House hunting must be your priority, not your weekend hobby. Check new listings regularly, be prepared to drop everything to view a home when it hits the market, and be ready to make a quick decision.
2. BRING PAPERWORK, NOT PROMISES:
Want to be taken seriously by the seller? When you visit homes, bring a mortgage pre-approval letter and a “proof of funds” form from your bank showing you have enough to cover the down payment.
3. CONSIDER WAIVING WHAT-IF’S:
Homebuyers often include contingencies when making an offer so they won’t lost their deposit if, for example, the home doesn’t pass inspection. Waiving contingencies could help you close a deal, but this definitely is not a move for the fainthearted. To gauge your risks, consult your Realtor and check www.realtor.com/advice/buy/what-really-happens-when-you-waive-contingencies
4. DON’T PLAY HARDBALL:
This isn’t the time to try to lowball on price. Bid aggressively while still staying within a monthly budget you can afford.
5. WIDEN YOUR SEARCH:
You’ll increase your chances of finding a property if you’re willing to consider home outside your ideal neighborhood and houses that may need some remodeling or renovations.
And, as always, get with your realtor if you have any questions. We are here to help by making the buying and selling process as easy as possible. Use our experience to your advantage!
Danielle MacCarthy, REALTOR