The real estate market is “tight”, which is industry lingo for “there are more buyers than sellers”. In a market like this you’re probably feeling as though every time you see something you’re interested in, it goes under contract. So what to do?
Put Yourself In The Position Of Being Notified First About Potential Homes For Sale. To do this, you’ll need to make sure you’re working with an experienced Realtor. You want someone with integrity, who’s been in the real estate industry for many years, understands the market and has a lot of contacts. In a market like this one, many homes are sold before the sign goes up. You want a Realtor who knows your criteria and will notify you first.
Sign up for email alerts, like the one on this website, https://keenehomes.com/property-organizer-login/. We won’t pester you, but you’ll be kept up to date daily, as soon as listings hit the market. You can let us know exactly what you’re looking for, and we’ll screen the listings and only send you those that match your criteria. That way, you’ll be one of the first to know when a property comes on the market.
Not every real estate salesperson is created equal. Make sure you work with a full service Realtor, one who works full time, is engaged and available to take you through each property you’re interested in. An effective Realtor knows the community in depth and will be able to provide you with a wealth of knowledge about the area, neighborhoods, schools, the local government, and the business and recreational community. They’ll be able to provide you with a wealth of information to help you make a decision about what’s right for you.
Get pre-approved for a mortgage. An experienced realtor will be able to help get you connected with a good mortgage broker or banker and will guide you through the mortgage qualification process. This way, when the right property becomes available, you’ll be ready to act. And being pre-approved for a mortgage, will help enormously in getting your offer to purchase a home accepted by the seller.
Prepare Your Existing Home For Sale. If you need to sell your home before buying a new one, get it prepared and put it on the market ahead of time. In a tight market, most sellers won’t sign an agreement subject to the sale of a home.
Keep Your Offer Clean And Simple. When you do find a property, make your offer as clean as possible. Include as few contingencies as are necessary while still protecting yourself. An experienced Realtor will help you through this process to ensure all essential contingencies are covered properly.
By using these tips and remaining proactive, before you know it you’ll find success and the home of your dreams!
- TIPS FOR FINDING THE RIGHT HOME IN A TIGHT REAL ESTATE MARKET January 15, 2020
- What Makes The Monadnock Region So Special? April 19, 2019