Tips for buying a home in a seller's market.

By
Real Estate Broker/Owner with Christiansen Group Realty (260)704-0843

Supply and demand runs all markets, real estate included.  The Fort Wayne real estate market has been a seller's market over the last year or so because of low housing inventory.

 

There just aren't many homes for sale out there, and when a desirable home comes on the market, it's usually met with multiple offers from buyers.  

 

Here are some tips for buying a home in a tight market.  

 

Buying a home in Fort WayneKnow exactly how much you can comfortably afford.  Getting a mortgage pre-qualification is always a good idea, but in a tight market it is a MUST.  

 

Keep your eyes open on a daily basis.  We'll set you up on a program where you will get emailed brand new listings that fit your criteria the minute they go live online so we can be ready to move.

 

Be ready to pull the trigger.  Make sure you know what you want and need in a home so you won't be unsure when you have a chance to make that offer.  

 

Bid competitively.  In this market we've seen homes sell for over asking price.  We don't always encourage our buyers to start off bidding their top dollar, but in this market we have.  Each situation and home is different.  We'll be there to advise and educate.

 

Keep contingencies to a minimum.  If you have a home to sell first, it needs to be under contract and in pending status before writing an offer on another home.    

 

Pay your own closing costs.  A lot of buyers ask the sellers to pay either part or all of the buyer's closing costs which normally range between $2,000 - $3,000. If you're asking a seller to pay up to $3,000 of your closing costs, that makes a $150,000 look like a $147,000 offer.  Pay your own if you can!

 

Even after all of these tips, here is the biggest one of all...

 

Don't get caught up in a buying frenzy.  We want all of our buyers to be happy and to be comfortable with this process.  If it doesn't feel right and you are nervous to get into a bidding war and feel like you've overpaid, don't do it.  

 

Buying a home in Fort WayneIf you're currently in the market to buy a home in the Fort Wayne area, please call us at 260.704.0843.  We'd be happy to help!  

 

Posted by

 

 

   

Fort Wayne Realtors Jared and Amanda Christiansen with Century 21 Bradley

Amanda Christiansen is an award winning Realtor with Christiansen Group Realty.

 

Jared Christiansen is a business partner and in charge of marketing and taking care of things behind the scene.

 

Enough about us...

 

Tell us what you want your real estate experience to be, and we will do it YOUR way.

 

Buying a home in Fort Wayne? Tell us your wants and needs. Let us know how you envision your family living.  Tell us what's important to YOU, and we'll find the community and home that fits.  

 

Selling your home in Fort Wayne?  Our job is to make you the most money possible in the shortest amount of time. We offer our sellers professional staging, professional photography, and more internet marketing than most. 

 

We are committed to giving you everything we have to offer.  We are both full time agents and will work around your schedule.  Do nights and weekends work better for you?  NO PROBLEM. We are here to help YOU at YOUR convenience.

 

Amanda can be reached at 260-704-0843, and Jared can be reached at 260-704-0842, or you can email us at JaredChristiansen@gmail.com, or Amanda427@gmail.com.

 

 

Comments (8)

Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Amanda and Jared Christiansen - your market describes my market. If buyers want to beat out the competition they need to first hire an agent who can guide them in how to make that happen ... and they need to follow their agents guidance.

Jan 25, 2016 05:38 AM
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Jared and Amanda- this is such good advice for Buyers, especially in a Seller's Market.  It's so easy to get caught up in the "game" of buying. 

Jan 25, 2016 05:47 AM
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hello Jared and Amanda, excellent advice for Buyers to follow, especially if they're in a seller's market. Fort Wayne IN Buyers should start by calling Amanda and Jared Christiansen when it's time to house shopping.

Jan 25, 2016 05:50 AM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Amanda and Jared Christiansen These are excellent tips for buying a home in a seller's market.

Jan 25, 2016 09:00 AM
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

I had to have that very conversation with a buyer today.  Wife was in the freenzy of multiple offer I "must win" and husband was being reasonable.  He wanted to know what I thought.  I was clearly on the side of not overpaying for a home.

Jan 25, 2016 12:50 PM
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By eXp Realty - Alexandria, VA
Alexandria Virginia Homes For Sale

Jared, great post. These are tips every buyer that's dealing with a seller's market needs to read. Even better, they need to just contact you to get their home search started, you'll guide them every step of the way.

Jan 25, 2016 10:29 PM
Amanda Christiansen
Christiansen Group Realty (260)704-0843 - Fort Wayne, IN
Christiansen Group Realty

Thanks for stopping by everybody!  

Jan 26, 2016 03:04 AM
John Meussner
Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA, - Walnut Creek, CA
#MortgageMadeEasy Walnut Creek, CA 484-680-4852

Great advice to avoid getting caught up in a frenzy, it's easy to do when people think they've found "the one", but being comfortable and avoiding buyers remorse is more important than winning.

Jan 26, 2016 05:20 AM