How to Buy a Home in a Seller’s Market

How to buy a home in a seller’s market can be a puzzle. This year is one of those years. Mortgage interest rates are not low, but inventory is very low causing multiple offers and offers over asking on the houses that are available. Buyers can still get a home that they love — and their secret weapon is a professional real estate agent. 

Speed

First, get pre-approved for your mortgage loan, so you’re ready to act quickly when you find a home you love. You’ll need to move fast in a seller’s market. Homes go on the market and sell quickly. Sometimes they’re sold before you even see it listed. Having a real estate agent with all the insider information will give you more options. And they’ll help you with all the ins and outs of the home buying process.

Offers

Change your mindset in a seller’s market when you are buying a home. Saving money is not your main goal — just getting the home is your goal. Your real estate agents can help you make your best offer for this tense situation. In a market with multiple offers and offers over asking price, your agent will advise you of your best strategy.

Professional real estate agents have seen many years of both buyer’s markets and seller’s markets and can help you navigate the challenges of low available home inventory, quick offers and the best path to getting the right home for you. For all your Real Estate inquiries please contact Kelly Pearson.

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