Sizzling Markets: Buyer’s Perspective

The markets are a-sizzling right now in our region, thanks to a low inventory. With less houses available for purchase, and a high demand, it seems like once something lands on the market it is immediately being scooped up. As a buyer, these times may seem a little stressful, but with a few tips, you’ll be ready to go. Join us today as we go over some of the most helpful ones!

Take Your Time

Just because houses are selling fast does not mean that you have to go fast through the process. It is still a big decision to buy a home, and should be taken as such. With that being said, make sure you have time to cross your “t’s” and dot you “i’s”, like making sure you still have the home inspection done, thorough negotiations, and have all the paperwork in order. Many people choose to opt out on things such as the home inspection in order to save time, when in reality they can save potentially save themselves thousands of dollars or peace of mind by going through with them. Take your time, take it slow, and you will be just fine.

Be Prepared

Sure, we may be in a seller’s market, but you still need to be prepared for whatever may come your way. By this, we especially mean leaving room in your budget in case of a bidding war, which are more likely to happen during a seller’s market. This is an instance where being pre-approved for a loan will be your best asset, as you will already know how much you can afford. Then, take your search price down a few thousand dollars and leave the rest in reserve, just in case the seller wants to bid with you at the table. However, this tip also speaks to the ability to pull the trigger once you find a house you like. With homes being taken off the market rapidly, you’ll want to move quickly once you find the one, before anyone else comes waltzing along. Should you have all your ducks in a row by the time this comes, you’ll be set to do so.

Work With an Experienced Agent

Having the most experienced people in your corner will help you leaps and bounds in any situation, but especially in a situation that may not be the most favorable to you. By having someone like an American Dream Realty of South Jersey agent by your side, you’ll be ready to face whatever challenges this seller’s market can throw your way with confidence, and come out victorious in the end.

So, what do you say? Homes are flying off the shelves, and it may just be your time to get in line. Come on in today to see what we can do for you!