Top Tips for the Home Buying Process in Johns Creek Georgia
The home buying process in Johns Creek, Georgia, and around the country for that matter, has become a challenge for buyers in today's world. The home buying process has evolved in recent months. We went from 5 straight years of a buyer's market and have done a complete 180 into a strong seller's market. Buyer demand has outpaced supply in the past few months. Many sellers are receiving multiple offers, and homes are selling at above asking prices. Sellers are no longer giving away the store just to get a sale done. Large investing LLCs are throwing offers at properties the minute they come on the market, sight unseen. Buyers may end up putting offers on several houses until they can win the bid on one. Most of this activity is being seen in the under $500,000 price ranges.
Over the past several years I have often been asked, "how do we know when we have hit bottom with pricing." The answer is simple, you don't know until prices start to go up. Buyers have heard the news - values are beginning to rise. As a result they are coming out in record numbers to get a home before the value curve rises any higher.
What are your best strategies as a buyer in this challenging market? Here are my top tips for the home buying process in Johns Creek:
- Work with an informed and experienced Johns Creek real estate agent who knows what the usual and customary concessions are in today's market.
- Don't rely on Zillow Zestimates or other online value calculators to arrive at the value of a property. Instead, depend on your real estate agent who knows the area.
- Low ball offers are as outdated as pink and green flowered wallpaper. Don't do it, you will lose the property.
- Ask your real estate agent for direction on making an above asking price offer.
- Come to the table already pre-approved for your loan. This will make you more attractive to sellers than buyers who haven't taken this step.
- Don't ask to have items such as the seller's furniture or yard decor included with the sale.
- If you really want the house and it appears to be in good condition, consider making an "as is" offer.
- Offer generous earnest money, a short due diligence and closing period, and anything else that will make your offer attractive to the seller.
Get help navigating today's home buying process
A client of mine recently put an offer on a property that had received 32 offers. Yesterday, I worked with a buyer on a HUD owned home which requires specialized and complex financing and offer procedures. Many sellers have benefited from my guidance in understanding how to proceed when they received multiple offers. As a local expert in Johns Creek Homes for sale, I can help you navigate the ins and outs of today's home buying process. Call me, whatever your challenge, I can help.
Are you in the market to buy a Johns Creek home soon? Call me today at (404) 226-8484. I have a unique strategy that is practically guaranteed to win you the bid in a multiple offer situation.