Tips for Buying a Home This Spring
May 17, 2018
If you’re about to buy a home this Spring, congratulations! It’s one of the biggest investments that you’ll make in your lifetime, but also an exciting new chapter. Trulia has recently released some tips for how to approach the market this spring, so we thought we’d share them with you all.
Get Financing Ready
It’s important to know what you can afford, BEFORE you start looking. Go as far as getting pre-approved. It will allow you to be more aggressive in bidding wars. You will know your top offer and your offers will be taken seriously. Also, homes are closing faster, so be sure you’re ready to close in 15 to 21 days.
Save Big for Ernest Money
Putting a decent amount down for earnest money is also another way for sellers to take you seriously. Don’t overlook this step, as it could be the difference between a negotiation and losing your dream home.
Prepare for War
Bidding wars are not ideal, but they’re a reality of today’s market. Prep for them by having some tricks up your sleeve. Consider writing an offer letter, negotiating a quicker closing, willingness to let the owner rent the home from you or a quick inspection period – are all ways to set yourself a part from the competition.
Don’t Get Emotional
When the housing market is hot, it’s important to stay objective. Don’t let your emotions drive your decisions. Try to keep a spreadsheet in order to compare apples-to-apples. Put your top priorities on the left and then score each element of the homes and add up the score.
Once you’re ready to make your dreams a reality, Beltmann a call and we will get you set up with a free, no obligation in-home estimate.
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