Even though we are in a Buyer’s Market, it is important for a home buyer to always be prepared in every way possible when they enter the market and begin their home search.
In a buyer’s market, there is a large inventory of homes and sellers are willing to work with buyers to make a deal. But even in a buyer’s market, you need to be prepared and have a game plan in place with your Realtor as if you were shopping in a seller’s market. A seller’s market is the type of market where homes fly back off the market at the blink of an eye.
1. First and foremost, go ahead and speak with a lender to get your financing worked out. If you wait until the last minute (and that means after you are already looking at homes, you risk losing your home once you do find it). I have seen it happen time and time AND TIME again!
2. Let Kim Soper put you on the fast track to finding the home matching exactly what you are looking for. Ask her how and she will get you squared away.
3. Visit homes as quickly as they come on the market.
4. Stay in constant contact with your Realtor and be flexible and willing to juggle your schedule to visit new homes. Your Realtor should be just as willing to get you into those homes quickly.
5. Take a second look at the homes you rejected in case you misread something that would make the home a candidate.
6. Be ready to make an offer quickly if you like the home.
7. Don’t be intimidated by multiple offers (As your Realtor, Kim Soper will help position you well if this does occur).
And you have it! My top 7 tips on how to be prepared in a market - whether a buyer’s market or a seller’s market. These tips will give you an edge up on the other buyers and help you land your dream home. For 5 more tips, email or call me today.
Lexington KY is always #1 in my book! Whether you want to buy a downtown condo, a custom walkout ranch on a golf course, or a horse farm in the country, I can help find the perfect home for you – as well as help you sell your home. In addition to Lexington Real Estate, I specialize in the nearby towns of Paris, Midway, Georgetown, and Versailles