The rules on how to buy a house have changed, folks – so if you’re serious about becoming a proud homeowner in the near future, you’ll want to read this first!
So, what’s changed the most in the traditional home-buying process? For starters, prospective buyers should brace themselves for steep prices and stiff competition. Total inventory remains much lower than it was a year ago, falling well short of buyer demand…..homes are “flying off the market”.
Altogether, it’s a hot seller’s market. While it’s good news for sellers, buyers will need to take some extra measures to compete with other house hunters. To nail a perfect home in today’s housing market, follow these five new rules:
Rule No. 1: Prepare for a marathon house hunt
Rule No. 2: Secure financing before you start shopping
Rule No. 3: Don’t lowball your offer
Rule No. 4: Curb the contingencies
Rule No. 5: Move fast
So, if you’re serious about buying a house, you need to be ready to pounce!
Want to find your dream home before the competition?
Reference: Daniel Bortz