in what is clearly still a seller’s market, Realtor.com® offers the following tips for finding – and buying – that new home:
- Be ready
Since demand far exceeds demand, potential buyers must be ready to look at a potential home at a moment’s notice.
- Have financials in order
A mortgage pre-approval letter is a must as is a “proof of funds” form from the back indicating they have enough money to cover a down-payment. Any delay on the financial side may cause the seller to just move on.
- Be aggressive
This isn’t the right market to be looking for “deals” – make an aggressive offer and limit the contingencies. If there is a flaw in the home, carefully consider how much you are willing to compromise in order to get it.
Silas Knight says
You have some great tips here for buying a home. I definitely agree that it is vital to have your finances in order from the get go. I would hate to keep a seller waiting with my finances, so thanks for the tip.