Spring Time Tips For Buyers in Real Estate
The real estate industry is bustling in the spring months, beginning as early as February! With even the thought of temperatures rising, people in the market for a new home or looking to sell begin to become motivated. Homes are hitting the market and in our area, if the home is priced right, they can have an offer that same day. If you are looking to make a change or looking for your next “home sweet home”, Spring can be a perfect time to find the perfect match.
Hire a real estate professional to help in your next real estate adventure. In today’s market, a professional Realtor® is experienced in many, many transactions. If you want to find a home in your ideal location, using a Realtor® can make your entire buying process easier. A Realtor® does a lot, going beyond just the home search. We help with contracts, negotiations, inspections and any other unforeseen obstacles that may pop up. An agent understands trends in the market today and can help you navigate this fast-paced buying/selling season. Keep in mind that it costs nothing to hire an agent because the seller of your new home will pay the commission.
Pre-approval for a home mortgage helps.
So, your budget is prepped and ready to go. If you know exactly what you can spend and what you may consider a “comfortable” budget for that next home, you’re heading in the right direction. You can also meet with a mortgage specialist to determine an accurate budget for that new home, and then take steps to obtain loan pre-approval. Of course, it’s okay to go to open houses and scan the web for homes for sale, but there are benefits to getting a pre-approved loan. When buyers are already pre-approved, sellers are more likely to take notice of an offer because they know you are serious at making a purchase.
Know what you want in a new home.
If you are ready to buy, it makes sense to sit down with family members and discuss your needs as well as your wishes. Whether it’s finding a new home in a certain school district or having an unfinished basement so you can add your personalized touch, what you want in your new home should be listed and prioritized. We’ve all watched House Hunters on HGTV when a couple can’t seem to agree on their perfect home! One wants a big back yard in the outskirts of town, while the other wants no yard in an urban environment. When buying a home, you should have a strong understanding of your requirements, and if there’s any conflict among other family members make sure you rank them in order of importance.
Keep in mind, it’s helpful to be flexible because your wants may shift based on availability in the market, market trends and budget, but the better you understand the most important features you desire of your new home, the smoother this process will be.
Be prepared to compete when buying a home.
In today’s market, it’s not unheard of that buyers compete for their dream home. You may need to prepare yourself to either back down during negotiations or pay more than you had originally anticipated paying. Bidding wars have been on the rise for a while. By working with your agent, you can think of unique ways to stand out from the other buyers, going beyond just price. Maybe you offer the sellers an extra week to move out? Or honor other stipulations when looking to close the deal? A Realtor can help you find ways to create incentives when making an offer on your next home.
Article written by Sandie LaMantia, Realtor – Complete article.