In today's highly competitive real estate market, where inventory levels are not keeping up with the constant stream of buyer demand, there are steps you can take to ensure you are most prepared for success when buying a home.
1) Be Prepared
Being intentional, pre-approved, and prepared will set you up for the accelerated time tables that come with a highly competitive market. If you are the most prepared buyer interested in a home, if you already secures financial approval, and if you are
ready to move fast, your bid will be that much more attractive to a seller.
2) Think Strategically
If you are one of the many first-time buyers looking for your dream home, know that being strategic and flexible about closing dates can also help your offer stand out from the rest. But do not fret is you are a homeowner who will also have to sell your
own house first--be upfront about your timeline with your agent and any offers you make.
3) Seek Out the Ugly Ducklings
Finding a fixer-upper or a home that needs a little love might be your best way to guarantee that you are able to find a home in the neighborhood that you want. The worst house on the best block will go for a steal and offer instant equity once you fix
In today's market, full of bidding wars and tough competition, finding ways to stand out from the rest by getting creative will improve your chances of having a home to call your own.