Ready to face the competition and purchase your dream home? Whether you are a first time home buyer or a seasoned veteran, preparing to face the market is a must. Here are three top tips to help you find success in your real estate endeavors in 2018.
Prepare for competition.
We all know it: there is a shortage in housing inventory. In fact, Bobby Montagne, CEO of Walnut Street Finance pointed out, “Housing stock continues to be at record lows across the country. The days of multiple offers are back in many [areas].” Because of this, you should keep in mind that if you have your eye on a property, someone else probably does too. One noticeable trend this year is the “all-cash buyer,” or the buyer who is offering full price or more. Stand out against these buyers by making your situation more personal to the seller, for example, asking him about his goals for the sale.
Look past home www.
Although a staged home can help with the appeal of a space, you should not let it sucker you into purchasing if you are not completely sure or ready. Realtor.com says that nearly a third of buyers are more willing to overlook property faults in a staged home, according to a survey by the NAR. Thoroughly inspect a home before buying and ask your seller about anything that isn’t up to par with your expectations.
Pull a Chip and Joanna Gaines.
If you are willing to take on a fixer upper, you will have way more to work with. Homes that are move-in ready are in a much greater demand than those that need work, therefore you are likely to score if you’re willing to renovate. Who knows, you might even end up with your dream home.
Trey Willard, CEO The W Group
Berkshire Hathaway Home Services – United Properties
8440 Jefferson Hwy. Suite 100 Baton Rouge, LA 70809
- (225) 413-4835 F. (225)448-3253