• June 23, 2017

Buying a home in a seller’s market

Buying

Buying a home in a seller’s market

soldWe are experiencing a ” seller’s market” this Summer.   You  have been waiting for good weather to start looking for your new home.  Or, you have waited all Winter and sold your home and need to find a new one. Whatever situation you find yourself in, now is a great time to make that new home purchase . Know the tips to get the best deal on your new dream home.

First, be ready!

Have your financial information in order.  Know how much you can spend, and  how much you can borrow.  You should know how much you have to put down for a down payment.  Knowing these things in advance will help streamline the process and may win you your dream home. Particularly if  there are multiple parties interested in the same home.  If you find the home but haven’t confirmed these things with your lender, how can you know what you can spend?

Make sure you are working with an established licensed real estate agent.  He or she will know the market, what you want and will save you headaches.   And they will negotiate with sellers for your new house.

Second, come in strong!  Sellers love a strong offer!

Furthermore, once you and your realtor have found your next home, don’t be afraid to come in with a strong offer.  A seller’s market means that there are fewer homes for sale than there are people wanting to buy.  Therefore, that means that you may be competing with other buyers who want the home just as much as you do.

We all love a bargain, but don’t let your desire to get the lowest price possible blind you to the realities of making an offer the seller might accept.

Third, be ready to move!

After you have decided to make a strong offer, trust your agent to get you the best price possible, and start packing for your move!

Chris Clark Real Estate Pullman

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