Buying Your Dream Home in a Hot Market

June 2, 2017

When shopping for a home in a competitive market, consider properties that need some work. 

Imagine finding the perfect home, only to discover there is serious interest from at least a dozen other buyers. It’s like scrambling for the last piece of cake at a buffet!
 
Fortunately, there are things you can do to help get the home you want, even in a highly competitive market. Here are just a few ideas:
 

  • Only view a few ideal properties at a time. If you see too many, and thus spread yourself too thin, you risk homes slipping through your fingers.

  • Be realistic about price. Focus on finding a great home that you can afford, rather than trying to find a bargain.

  • Consider homes that need some work. They get less interest than perfectly staged properties, yet can turn out to be a dream home.

  • Be prepared to make an offer with as few conditions as possible. An offer conditional on passing inspection is usually fine, but in a competitive situation, offers with other conditions will likely be turned down flat.

  • Make your decisions quickly. If there are likely to be other interested buyers, you want to get your offer in early.

  • Make the right offer. To win the deal, you want your offer to be as enticing as possible to the seller — especially when it comes to price.

 
Yes, it can be tough finding an ideal home in a hot market, but I can help. Give me a call and I’ll show you how. 

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