Housing Inventory is low in Maryland and Washington D.C.
In this housing market, buyers should get out to see a home as soon as it comes on the market. If you're waiting until the Open House, you will likely be in a multiple contract situation. Buyers who ask for Sellers for closing cost help may have their offer tossed aside.
Buyers-Know the Facts Before Searching for a Home
Be pre-approved by a local lender - local is important. This means your lender will know the rules of the Greater Washington D.C. area. When lenders are not local, it can cause serious delays and/or problems securing the loan. This actually happened to us recently and a deal almost fell apart.
Be prepared to see houses of interest during the week- sometimes being the first buyer with an acceptable offer means success. This has worked with us in the past so it's important to see houses as soon as they come on the market.
Choose an excellent Realtor - who will help you shape your home search. Typically, the search starts big, covering a large area, then slowing narrows in on the right community and house.
Be patient - there's a chance your first offer may not be accepted. It's happening all over the D.C., Maryland and Virginia area. Stay focused on your goal and keep persevering. You will eventually find your home.