Tips On Buying During a Seller’s Market
Buying a home can be challenging – especially if you’re in a Seller’s Market. But an experienced
REALTOR® can assist you in securing your dream home. Here are some ways you can help them help
you…
First, meet with a lender so you know for sure what can afford. Having a mortgage pre-approval letter
from a qualified lender is key during a hot market. You should also have proof that you have funds for
earnest money and closing costs. Making a large earnest money deposit lets the seller know you are a
serious buyer.
Speaking of offers, start with your best offer and realize you may need to offer more than the asking
price. Also, keep your offer simple and limit contingencies to the essentials like financing and a home
inspection.
Be prepared to make a quick decision. Moving quickly can often be the difference between whether or
not you get the home.
Lastly, make things personal. Write a letter to the seller stating how much you love their house… and
don’t be afraid to include a photo of your family.
While a Seller’s Market can make the buying process more challenging, with an experienced REALTOR®
at your side, you can level the playing field and find your dream home.