CHARLOTTE – The housing market has exploded and prices are climbing fast. With multiple offers coming in on many properties, it’s not uncommon for buyers to come to the closing table with cash above the asking price. With a red-hot housing market, you might go crazy as prices keep rising.
It’s not easy to be a buyer right now, but if you are, you need to know how to avoid losing your head. Here are a few top tips to help ensure you keep your sanity when buying a home right now.
4 Top Tips for Buying a Home Right Now
1. Be Prepared to Make an Offer Fast
When the market is hot, you have to be ready to pull the trigger quickly. If you find a home you like, be ready to submit an offer as soon as possible. This means, you need a pre-approval from a lender and a decent amount of cash to bring to the table.
2. Choose a Top Local Real Estate Agent
The right agent makes a big difference. When the market is this hot, you need an agent that knows how to navigate the market. With an agent capable of navigating the tricky market right now, you’ll be in better shape to get the house you want.
Look for a local agent with plenty of knowledge of the neighborhoods you’re looking to buy in. They might even know about houses getting ready to hit the market giving you a leg up.
3. Have Patience
Right now, there’s a better chance you’ll miss out on a property or two or three than you won’t. It’s likely you will need to be patient as you look for the right home for you. Don’t get discouraged if you lose the first house or even the second house. It might take a few homes before you’ll get an offer accepted and head to the closing table.
4. Prepare your Down Payment
If your agent knows how much you can bring to the closing table to put down, they will know how to help you better. It’s possible you may have to bring cash to make up the difference between your preapproval amount and your offer.
With these tips and the right real estate agent, you can find the right house for sale in Mint Hill and the surrounding areas for your needs. If you want to buy in today’s market, make sure you listen to your agent or you might not survive the crazy real estate market.
I would love to be part of your journey when the time is right for you. If you ever have a real estate question or need, or know someone who does, trust that you can turn to me. I will help you make the right move! Anna Granger (704) 650-5707 | email@example.com | www.1stchoicepropertiesinc.com