Spring has sprung and so has home-buying season. It is no surprise that the process of buying a home presents challenges year-round, but once the snow has melted and the temperature has risen these challenges tend to increase. In a competitive seller’s market, it is imperative for potential buyers to do their homework and prepare themselves for a speedy process. With desirable homes selling in days, or maybe even hours, immediate buyer action is a MUST for any chance at scoring their dream home. Here are five essential tips for buyers who are looking to purchase a home during a hot seller’s market:
1. Get pre-approved for your mortgage, NOT pre-qualified.
2. Select a top buyer’s agent with extensive negotiation experience.
3. Acquire a full team to guide you through the entire process. A single agent will not be enough.
4. Waive any unnecessary contingencies to place yourself ahead of other potential buyers. Decide where you are willing to compromise.
5. If applicable, provide a large deposit along with a strong offer the seller will be reluctant to decline.
For more information, check out our Buyer Guide and buy your next home the Keller Williams way!
Comments(1)