Why Home Buyers are Facing a Tough Spring
Home buyers are definitely facing a very tough Spring in the real estate market. While many buyers are out and about looking for good deals, inventory is at an all time low right now. The low inventory and high demand is causing buyers to compete against each other in multiple offer situations. Many are losing out on homes with offers $10,000-$20,000 higher than the list price! It's frustrating for many who are trying to find a home at a decent price.
If you are a buyer here are a few things to keep in mind:
- Be prepared with a mortage approval or proof of funds. Sellers don't want to waste time. Be prepared with this paperwork!
- The market has already been tested. Be competitive with your offer!
- Watch the listings closely and act quickly when you see a home that you are interested in. If you can get off of work early to go and look at the property, it may give you a competitive edge.
- Don't wait for Realtor.com, Zillow, or Trulia to sync from the MLS, which takes 24-48 hours. Ask us for a custom MLS search to be sent from our MLS right away to your email, so you get notified immediately when homes are listed.
- Oftentimes you will find yourself in a Multiple Offer Situation. Give it your best shot, but don't go too much over market value. Don't get caught up in the frenzy by over paying either. We will run the comps for you so you know where market value for each home is.
- Tell us quickly when you see a home you want to get into, so we can research it and set an appointment. Fee lree to call, text, or email the listings to us and request a showing appointment.
It's easy to see why home buyers are facing a tough spring. However, it is possible to win in the Central Florida real estate market. It's crucial to be prepared and ready to compete. (Article on Spring Market.)
|
|||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||
