Buyer’s Need A Plan

  • Buyers
  • 7:38 pm
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Today’s Real estate buyers need a plan and strategy in order to buy a home. Currently we are experiencing one the hottest seller’s markets that this area has ever seen. Buyers must be better prepared if they want to be successful in buying a home. First, you need an experienced agent who is on top of the market conditions and vigilant in looking everyday for you for new offerings. Once a new property appears, you should anticipate that you may be competing with other buyers. If your agent agrees that it’s a house worth seeing, get in as soon as possible. Have your pre-qualification or pre-approval documents already in place. Have your agent find out as much as possible about what is most important to the sellers. It is not always the highest selling price. It could be, for example, they will need more time to be able to move. The more information you have about their motivation, the better prepared you will be to make an attractive offer. Be prepared to provide a substantial earnest money deposit, this will give the sellers a further reason to see your level of interest. Minimize the number of requests you make of the seller. If you’re interested, express your willingness to purchase some of their personal items. After consulting with your agent and attorney, you may be willing to perhaps, remove some contingencies. Also, have your agent find out if there was to be a multiple offer situation, how will it be handled. This is often handled differently by many agencies. Being better prepared, can help increase you chance of success.