The Fort Wayne real estate market has been listed as one of the top 5 toughest markets for buyers. That's why you need a Realtor that knows how to help you buy in a market like this.
Here are some tips.
1. BE READY! If you or I see a home that pops up on the market that might interest you, we need to get there ASAP! I'm talking the same day. Homes are selling in hours in this market and we need to be on it. Waiting until the weekend isn't going to do it. We need to see it now.
2. Write a strong offer. If you can pay your own closings costs that will make the offer look better to the seller who is probably going to be fielding multiple offers. In this market we've also seen offers over the seller's asking price because of the buyer asking for concession and closing costs. If you absolutely need help with closing costs, offer more. For the seller it's all about their bottom line and anything you can bring to the table helps.
3. Closing date. A lot of times the seller needs to find a home that they want to purchase and giving them a little more time to close will help make your offer look more appealing to them. Most transactions take 30 or so days to close. If we were to write the closing date for 45 days out it could help the sellers and their situation moving forward.
4. Possession. This goes hand in hand with the closing date. Depending on the situation with the seller, they may not be quite ready to move even after an agreed closing date. Giving the seller a few weeks after closing to give up possession could help the deal get put together.
Some of this advice is hard to give to our buyers because we've never seen a market like this in Fort Wayne. The housing inventory continues to be low which is very frustating to our buyers.
We'll do whatever we can to make it happen for you, but you need to read and follow our guidance and trust that we'll be on top of the market for you.
If you have any questions or would like to chat about your situation, please call Amanda at (260) 704-0843 for a pressure free chat about how we can help you.
Thanks for stopping by!