Ok so you have done everything right and got your credit score where it needs to be, maintained your good employment history and even saved a few bucks to put down...... Now your are looking for the perfect home. You want to take your time look at the homes casually and take your time making that HUGE decision...
Sorry but at this time and in this market taking your time or even thinking it over will not get you a home, it may even cost you the home today. Here are a few factors and terms that you need to be aware of today:
- Supply and Demand: The current housing demand far exceeds the supply
- Multiple offers and multiple offer status: Your offer will not be the only one or the first one so make it count and get it in now.
- Highest and Best: You may only have this one shot so make it count in your first offer there is no room for a traditional "low ball" offer in this market at all.
- If you find a new listing on the market today, move on it TODAY, it may be gone tomorrow.