Although you may be dealing with an internal battle to pay as little as possible, it’s a good idea during a seller’s market to offer the best price you can. Buyer’s that step up with their best opening offer will have a better chance of getting the home they want.
When you wait too long and overanalyze a home’s price you are a high risk of the losing the home you may have fallen in love with. Get your finances in order and be prepared to move quickly in a seller’s market. Understanding how much you can truly afford and fixing any credit issues before you start house hunting is the key to making this work.
Hire a seasoned, local, and professional agent who is experienced in the area you’d like to buy in. Working with an agent will save you a ton of time and decrease the stress of buying a home. Your agent will know about the area and the ins and outs of the buying process to make things go smoothly.
BONUS: Work with a real estate rebate agent and save money when buying a home! Glass House Real Estate rebates 1.5% back to the home buyer at closing. You find the house - you get the reward. Contact Khalil and talk about your home buying needs today.
Prove to the seller that you are a qualified buyer by getting pre approved for a loan. This shows that you are taking house hunting, and buying, seriously. Not only will this help you win over a seller but it will make the process of buying the home you love quicker and pain-free.
During a seller’s market, a bidding war is very likely. In order to prepare for this, hunt for houses that are below your max budget so you have room in case you have to enter a higher bid.
Work with Glass House to buy your next home in Virginia, DC or Maryland and we will rebate you 1.5% cash back at closing! Contact Khalil El-Ghoul and talk about getting started with the rebate process