In a hot local real estate market, you might go to open houses and find 30 other people there, too. Although you might make a competitive offer, in a competitive market, you might find yourself going up against sellers who are willing to offer prices well above asking. If you’re worried about finding the home of your dreams in your local real estate market, here are some tips that might help.
- Go Window Shopping- Before you get serious about contacting a realtor and shopping for real estate, take some time to find out what’s out there. This will help you know what’s available at the time without feeling the pressure to put in an offer right away.
- Determine Where You Can Compromise- When you look at local real estate, identify areas where you might be willing to compromise. For example, if a home you like has a dated kitchen, keep in mind that a fresh coat of paint and some new appliances can modernize things in a cost-effective manner.
- Line Up Financing- In a competitive market, buyers who don’t already have mortgage pre-approval can get left behind. Although getting pre-approved for a mortgage can take some time, it is well worth it in the end.
- Work with the Right Real Estate Agents- When it comes to navigating your local real estate market, having someone on your side who thoroughly understands the market can be invaluable. If you’re still looking for the right realtors, reach out to us, Ian Hawkins & Cindy Ryerse. We would be more than happy to help you find the home of your dreams.