STRATEGIES FOR BUYING A HOME IN A COMPETITIVE MARKET
You are in the market to buy a new home. Congratulations. More than likely you will spend a considerable amount of time and energy finding your dream home. So, once you’ve found it, you don’t want to lose it in a bidding war and then have to start over. Here are a few strategies for making an offer that sellers can’t refuse. Remember, EXIT First Realty agents are here to assist you when you are ready to make an offer on the home of your dreams and will work to make the process as smooth and seamless as possible.
Put together a great team of professionals. You will want to have a real estate agent, your mortgage lender, and a home inspector. Having your team assembled will enable you to act quickly when you find the home of your dream.
Make sure your mortgage professional has your file in place and up-to-date. The buyer’s loan is often the biggest stressor for the seller. Do everything you can to make your loan a non-issue so the only unknowns are the appraisal and title report. After the appraisal, make sure the seller knows you are a sure thing by making your offering on the home non-contingent on financing.
Find out through the listing agent what the seller wants, then give it to them. Why are they selling the home? Are they moving out of town? Have they already found a new home? Once you know their situation you can easily deduce what might tempt them. For example, if they have already found a new home and have a contract on it, you can tempt them with a quick and easy, stress-free sale.
Remove all your contingencies and have your inspection and appraisal done in a week. This lets the seller know you mean business. If they have to sell their current home before they can find a new home, you can also offer them a “rent back” after closing so they don’t have to move twice.
Be prepared to pay top-dollar. While you don’t want to overpay or end up with an appraisal issue, if you want to buy a home in a competitive market you must be prepared to pay. So work closely with your agent and your mortgage professional and once the appraisal is in, and assuming it is in the ballpark, be prepared to give the seller what they are asking.
You are not the first homebuyer to go through this process. If you are in a competitive market you must be strategic, because you want what all the other buyers want. Following these tips will help set you apart and hopefully result in you closing on the home of your dreams.
Bowie MD Real Estate- Listings for sale and Real Estate Services in Bowie Maryland and surrounding areas. You now have free access to Bowie, MD, Ultimate Real Estate Search Engine. Google or call us today. EXIT First Realty 301-352-8100
Author:Exit Blogger Phone: Dated: September 9th 2015 Views: 247 About Exit: ...
EXIT First Realty, a full service residential real estate brokerage serving the Greater Washington DC Metropolitan Region, currently employs over 50 licensed Real Estate agents. Our agents come from diverse backgrounds but all are dedicated to providing the highest quality service to our clients. EXIT First Realty is a multilingual facility with representation from five countries and four different languages and its leadership team brings over 60 years of full-time real estate experience.
Our office is fully equipped with an integrated network of computer and communication systems. We have instant access to the regional Multiple Listing Service, Public Record Searches, and many other tools and services that our agents use to better serve you.r />
In addition to our agents and brokers, we also have administrative staff members that work tirelessly to accommodate any and all of your needs. They help coordinate meetings, set schedules, and ensure the timely processing and delivery of all your documents.
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" We want to thank you for all of your hard work in helping us find a house that we can make a home. Your patience and understanding in handling all of the details made the entire process a lot easier. We also appreciate how Lilly listened to our concerns or anything that came up and communicated them to you, and you resolved the issues. It was a comfort for Cassy and I knowing that you were on the job and would take care of everything. We will highly recommend you to everyone who is in the market to buy or sell. Thank you for all your help!