People who are hustling to purchase a home within a limited time frame feel the pain of facing buying deadlines. Family needs, unexpected job relocations and other assorted surprises in life force different people into purchasing a home without enough time or even preparation. In any normal real estate market, finding a property quickly can be an anxiety-inducing task. Given today’s world of high prices and squeezed inventory, the task is even worse.
However, there is always hope for determined property buyers. It is recommended to consult with an experienced real estate agent at Gloria Nilson & Co. Real Estate and make a good plan. Here are other tips to help you.
Hire a proactive real estate agent
A good hunter must have the right tools, and in your case, having a highly experienced and motivated real estate agent is your best shot of getting an excellent home within a limited time. You can start by asking for recommendations from family, friends, colleagues and even other real estate professionals. From here, find out more about each agent’s experience and how willing are they to close the deal faster.
Choose an agent who is available and willing to show you excellent properties straightaway. Remember, you have minimal time and don’t have months to wait for an agent who isn’t even within the country.
Adjust your expectations
Well, every potential home buyer desires a move-in ready property with an outstanding curb appeal, generous storage space and ample parking. However, to find a great property within your specific deadline, sometimes you may want to reassess your wants versus needs. If you intend to get out there and view different properties that fit your specific criteria and close quickly, sometimes you may be forced to whittle down your wish list.
Get ready to pay asking price or something slight higher
Note that a decreasing number of people are selling their houses. That means the homes on the market are likely to get multiple offers. Given the fact that in the seller’s market, a buyer has limited leverage, there is a good chance you will have little room for negotiations.
Avoid making a credit fumble
Well, there you are; already inside the 5-yard line, just a few minutes to close on your home and your much-awaited credit check shows up with a ding. Suddenly, just as your win nears, you accidentally fumble the ball. According to experts, this happens more often than most people think.
Therefore, it is wise not to make a credit mistake that might jeopardize your home closing between the time you are pre-qualified for a loan and underwriting. For instance, you should avoid making payments for big purchases using your credit card or terminating an established line of credit.
If your budget allows, outbid the cash buyers
Experts agree that your biggest competitors are the cash buyers. After all, they are the surest of absolutely sure things in the process of closing. This is always attractive to property sellers. To the property, you may want to outbid them.