As Flowers Bloom, Become A Savvy Buyer
It is a predictable trend that as the flowers start budding and the weather gets sunnier, the more houses get listed on the market. It’s one of the busiest times of year for buyers and sellers. While HGTV has made small projects on how to better sell your house common knowledge, there aren’t many shows dedicated to being a savvy buyer. Make sure you are succesful this Spring by following these simple rules:
1. Have a Professional in Your Corner
There are a lot of ins and outs of buying a property and you deserve a knowledgable professional to represent your interests throughout the process. Not only will it make your life easier, but having experience in your corner to deal with negotiations, inspections and paperwork is a valuable asset to home buying. They’ll notify you of recent additions to the market as well as streamlining the search, eliminating any duds before setting foot out the door. A good agent will understand market trends and how they will affect your personal home buying goals and save you money in the long run.
2. Be Able to Make a Serious Offer
Understanding your financial profile is key for a seller to entertain your offer on their home. Getting pre-approved by your lender is the way to be a serious contender in the game. While there are many mortgage options these days than there ever was, you want to make sure you qualify for the amount you’re budgeting for. Once you gain pre-approval, you’ll be a heavy hitter when it comes to buying your investment.
3. Prioritize Wants and Needs
Wants and needs vary by demographic. Age, marital status, kids, career are all factors that influence where you buy and what kind of home you need. Outdoor space, ease of commute, good schools are all things to consider when looking for a neighborhood. Make a checklist of things you need versus what you want and prioritize them. It’ll make looking at homes an easier experience knowing the things you are not willing to compromise on. When you’re house hunting remember that you’re also buying into the neighborhood.
4. Incentivize Your Offer
These days it's not only the sellers who face competition. You are likely to have to compete with another bidder for your dream home. If you decide to make an offer on a home, make it stand apart from the rest. Underbidding is a thing of the past. There are lots of creative ways to make your offer more attractive by either simplifying the process for the seller or offering more time for them to move out. You’re agent will know plenty of tricks to make your offer shine above the rest.
As long as you are prepared and proactive about home buying this spring, you’re sure to be a success. Know what you qualify for and figure out what you want ahead of time, making the decision-making process extremely easy. Having the right person in your corner to ask all the pertinent questions and handle legalities is valuable to your overall experience, also saving you time and money. They know how to get you what you want!