People looking to purchase their first, or second home need to prepare themselves for this highly competitive market we find ourselves in. With lack of housing supply around the nation, attractive homes are bringing in multiple offers sometimes in only a few hours. 
So, what can you do to help sellers choose your offer over the rest? Check out these four ways you can "Snag Your Dream Home" in a seller's market:

1: Know What You Want
When the real estate market is hot, there isn't time for second guesses. Be proactive and make a list of "Must-Haves" and be prepared to make an offer when you find the one that checks all those boxes. 
When you take too long to decide if you like the house, the neighborhood, or even the price you risk the chance of someone who was more prepared to buy the house from under you. 



2: Lock Down Your Financing
No one likes pesky surprises, especially sellers. If you are making an offer, back it up with proof you can pay for it. If you’re able to pay "cash" (no need for financial assistance from a third party) then come armed with a “Proof of Funds” letter from your financial institution.
If you need financing assistance, bring a “Pre-Approval” letter from your lender of choice*. This not only shows a seller that you mean business, but it also shows that you can “put your money where your offer is”!

3: Don’t Play Games
Everyone wants to a deal when purchasing their home, but the truth is, lowball offers don’t usually end well, especially not in a seller’s market. Do you research on the pricing in the neighborhood you like and lean on the expertise of your real estate agent for guidance. They can help you determine market value based on what has been happening in that specific neighborhood.

4: Be Flexible on Timing
Everyone has their reasons for selling their home and timetables can be a big factor. Maybe the seller is looking to sell quick and move on. Or they might need to wait on something before they can move out. Whatever the case may be, try to be flexible on time when possible. Your real estate agent can help you figure out timetables that are appropriate not only for helping the offer get accepted but that are also realistic depending on your circumstances.

To recap: Know what you want with your list of “Must-Haves” so you don’t have to second guess everything. Lock down your financing, whether it be showing you have the funds to purchase or having a pre-approval letter from a lender. Don’t play games by offering too low. And last, be flexible and realistic with timing.
Now these are just some of the things that will help you snag your dream home. For more help in landing your perfect property, contact us! We would love to help.

*Please contact us for a list of local lenders that can help you get pre-approved.