In today’s sellers’ market, standing out as a buyer is critical. Multi-offer scenarios and bidding wars are the norm due to the low supply of houses for sale and high buyer demand.
Below are four things to keep in mind when it’s time to make an offer.
KNOW YOUR BUDGET
Knowing your budget and what you can afford is critical to your success as a homebuyer. The best way to understand your numbers is to work with a lender so you can get pre-approved for a loan. ✔️
BE PREPARED TO MOVE FAST
Speed and the pace of sales are contributing factors to today’s competitive housing market. When homes are selling fast, staying on top of the market and moving quickly are key.
A REAL ESTATE PROFESSIONAL CAN LEAD
No matter what the housing market looks like, rely on a trusted real estate advisor. Agents are experts in the local real estate market. They have insight into what’s worked for other buyers in your area and what sellers may be looking for in an offer.
CRAFT A STRONG, FAIR OFFER
In the past, offering at or near the asking price was enough to make your offer appealing to sellers. In today’s market, that’s often not the case. Having an agent to help craft a strong, fair offer is critical in these situations.
Today’s competitive housing market makes it more important than ever to make a strong offer on a home. Connect with the Luby's today via the #linkinbio to work with a family team of real estate pros. ✔️ #TheLubyGroup #atProperties ...