Tuesday, November 7, 2017

Thriving in a Seller's Market

Tips to Thrive in a Seller's Market

Right now home inventories are low. This is a seller's market. Buying in this situation can be difficult, and there are often bidding wars for homes. These tips will help you ensure you get the home you want to closing.


  1. Treat your hunt seriously. House hunting must be your priority, not your weekend hobby. Check new listings regularly, be prepared to drop everything to view a home when it hits the market, and be ready to make a quick decision. 
  2. Bring paperwork, not promises. Want to be taken seriously by the seller? When you visit homes, bring a mortgage pre-approval letter and a “proof of funds” form from your bank showing you have enough to cover the down payment. 
  3. Consider waiving what-ifs. Homebuyers often include contingencies when making an offer so they won’t lose their deposit if, for example, the home doesn’t pass inspection. Waiving contingencies could help you close a deal, but this defnitely is not a move for the faint- hearted. To gauge your risks, consult your Realtor and check www.realtor.com/ advice/buy/what-really-happens-when-you-waive-contingencies. 
  4. Don’t play hardball. This isn’t the time to  try to lowball on price. Bid aggressively—while still staying within a monthly budget you can afford. 
  5. Widen your search. You’ll increase your chances of finding a property if you’re willing to consider homes outside your ideal neighborhood and houses that may need some remodeling or renovations. 
In this market The Mark Card Team wants to help you find the best home in your price range. We will work with you and for you to help you thrive. For more information check us out at www.MarkCardTeam.com. Or contact us at (386)566-8091.