Let's put it this way....it doesn't matter whether the home is listed at $90,000 or $400,000, if your home is clean, updated and priced right, it is gone within a week or less. Sometimes selling in the first hours on the market to the first buyer that scheduled a showing with their agent.
I listed a home a couple of months ago in the $235,000 range. It received 7 showings in the first 24 hours and over 30 people came through the open house. We received 6 offers, all over the asking price. So how did the seller choose? Ultimately, it was not about the price. It was about the down payment. The buyer they chose had 20% and everyone else was at 5% or less. There were even two agents that wrote in escalation clauses to try to help their buyers get the house. Another home that I listed in the last week, came on the market at 9:00 am. There were two showings, one at 11:30 and one at 1:00. Both agents sent me an offer for over the asking price. The market moves fast!
So in this crazy Spring market there are 4 things that you need to do in order to compete.
1. Get pre-approved. Knowing what you can comfortably afford and what that payment looks like means that you can make an offer immediately and get ahead of other buyers that are not as prepared.
2. When a new listing hits the market in your price point, you need to drop everything and see it as soon as possible. Even if that means sacrificing your lunch hour or a few hours of vacation time.
3. Be willing to make an offer if you like what you see. There are other buyers that have already seen the house or are coming to see it after you, so you may not have the time to think about it over night. You snooze, you lose.
And #4, hire a full time professional that is representing you.A As a buyer's agent, I am constantly searching for the best homes that meet your criteria and I will schedule a time to see them right away so that you don't miss out!
Call me today to start on the path to home ownership! A free consultation will show you the steps it will take to purchase a home in today's competitive market.