Home Buying in a Seller’s Market
The real estate market is a roller coaster, sometimes favoring buyers, sometimes sellers. Regardless of where it is at any time you can still get what you want if you’re prepared.
Determine how much your market favors sellers. Look at the numbers of months unsold inventory has been on the market.
Start shopping early. Look online to get a feel of the market, browse real estate websites for new listings. Sign on with your Kennedy agent to get notifications as new listings come on the market.
Determine your top priorities. Decide where you can compromise and where you can’t before you shop. Separate your wants from your needs.
Line up your financing. Get preapproved for a mortgage before you start shopping.
Be prepared to act fast. When you see a new listing, you may only have hours to make an offer in a seller’s market.