Wednesday, May 22, 2013

What have you heard?


I have my listening ears on and the talk of the community is that our Real Estate market is doing very well.  What are some of the thoughts I hear?

First of all the buyers out there are still looking for a great deal on the home and interest rate.  The competition of the buyer pool is very intense since there are not enough listings to go around.  I still hear from those that are waiting for the next bubble to burst.  I have come to the conclusion that no-one knows what is going to happen in the game of Realty.

Home starts are up, resale’s have a very short time on market and unless you have priced your home very high you can depend on multiple offers within a couple of days.  What can you do to purchase a home without multiple rejections?

  • Make sure you are qualified for your loan with a qualification letter in hand
  • If the home meets your criteria then offer the market value (don’t lowball)
  • Be alert to what is on the market, if you pick up on a great home two days late you are not in the ball game.
  • Make sure you and your real estate professional are on the same page.  Tell them everything you are looking for in a home.
  • Buying a resale home is a second hand home, it is not new make your vision to adapt and understand the seller is not going to make the home new.

The bottom line is be proactive don’t let your dream home pass you by.

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