3 Tips to Get the Home of Your Dreams!

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Hi there! Today, I wanted to talk about how to get your dream home when we are in such a strong sellers’ market.

Inventory is low; there just aren’t a lot of homes for sale. This creates a competition for buyers. Most properties are receiving multiple offers. So you might ask, ‘how do I win?’ I have three tips to help you get the home of your dreams

1.     Find a lender. Find someone you trust, preferably someone local. We suggest this because a local lender has a little ‘skin in the game,’ they have a reputation to uphold in the community.

2.    Be honest. Tell your lender the truth, give them all the information. Sometimes we have had clients who don’t disclose important information or pay structures. It’s important to be honest so the lender can you help you properly and get you prequalified. Get the letter. Once you are qualified the lender will give you a letter stating what you are qualified for. This is important when it comes to make your bid. Often times it is not the price that counts most, but rather who is the most qualified and who can prove it.

3.    Don’t offer too little. Lastly, a lot of buyers ask me how much they can get off the price of the house. What’s happening in our market is most homes are selling for about 92.5% of asking price.

Now, that is a number that needs to be qualified a bit because you have to remember some homes are priced a little bit higher than they should be.

As a buyer you will really be able to educate yourself as you look around and realize the value on any given property.

I hope you find these tips helpful when you are making an offer.  If you have any other questions on how to make a great offer, give me a call at 772.539.7706