Buying a home can be one of the most exciting milestones in a person’s life. But with the way the housing market is right now, it can also be particularly stressful. With supply low and demand high, bidding wars are becoming much more competitive and common for people in search of a home. In this post, we will highlight 4 essential tips that will help you in your home buying experience so that you can create those lifelong memories in the house that you want.
- Houses Are Going Fast, So Get in Early
We all know that houses are in short supply in the United States right now. That means that they aren’t going to stay on the market for very long. In fact, the time that houses spend on the market is at a historic low. What this means for a prospective buyer is that they will need to view houses as soon as they are listed if you want to be competitive.
- Get a Good Real Estate Agent
The value of a solid real estate agent can not be understated. It is important to have an agent who you can trust, who knows the ins and outs of the market, and who will advise you on the best ways to win the bid on your dream house. When buying a home, a skilled real estate agent will have access to houses that have just hit the market, which as we stated in the tip above, is an important advantage that you can have when looking to purchase.
- Take Advice Sparingly
Everyone who has bought a home in the past claims to be an expert on the process. While some general advice can definitely be helpful, take advice from friends, family, and colleagues sparingly. What worked for them may not work for you and it is usually best to listen to the advice of your agent.
- Get Your Finances in Order
Getting your finances in order can be the difference between having your offer accepted or declined. You can do this in several ways but the most common way that a potential buyer can make their offers more attractive to sellers is to get pre-approved for a loan. This lets the seller know that you are serious about purchasing the property and affords them a sense of security.
With bidding wars becoming more competitive, you can go a step further than a pre-approval with a pre-underwriting. This essentially shows buyers that you are a safe bet and are ready to close on the deal as fast as possible.
Buying a Home Is Simple with Combined Associates
Although buying a home can be a both stressful and exciting experience, it’s important that you have a real estate agent in your corner to help guide you along the way. The realtors at Combined Associates have the knowledge and experience required to make your home purchasing process as pain-free as possible. Give us a call today or fill out our online form if you are interested in buying or selling a house in Palestine, TX!