Three tips to help buyers make the most of this seller’s market.
Last week, I put three properties on the market and received multiple offers on all of them. Our market is that busy and will continue to be for a while. Everything I’m hearing, reading, and researching from the exerts says this market is likely to continue into 2025. When there are multiple offers on a property, one buyer is going to be delighted, while all the others will be very disappointed.
Recently, I’ve had several disappointed buyers reaching out to ask how they can make the most of the current real estate market, so here are a few tips:
1. Get pre-approved or have proof of funds. If you’re getting a loan, get it from a trusted, local lender—that carries a little more weight than one of the large, national lenders. That local lender will also likely be easier to deal with than a huge company. If you’re paying in cash, have a statement that says you truly have enough money for the purchase.
2. Bring your best offer. We’re in a seller’s market, meaning sellers are calling most of the shots. Be prepared to waive some contingencies. Maybe you’ll waive the home inspection, the appraisal, or take the property as-is. That may be a bit scary, but doing one of those might be necessary to get your offer considered.
3. Work within the seller’s time frame. The seller could need to get out of the home quickly and need a quick closing, or they might want some extra time to move. Try to work around their schedule, not yours.
Remember that you’re trying to purchase a home so you can begin building memories. Don’t sweat the small stuff in this seller’s market. You will have competition, and you will lose some of those competitions, but try again. You will ultimately win a home you love.
If you have questions about these tips or any other real estate matter, call or visit my website. I would love to help you.