Typically, June is all about closings. But this year, we're also seeing lots of new inventory!
This is fantastic news for buyers who are ready to make the most of the market.
Here are a few of the most important ways to prepare for success in your home search this summer:
Get Your Finances In Order
Get pre-approved before you start your search, and avoid large purchases that might impact your credit and jeopardize your loan.
Look for Potential—Not Perfection
Let go of the idea of HGTV perfection and instead focus on finding a home that meets your top criteria and has possibilities. I don't mean you need to settle for a fixer-upper. But if you find a home that hits the top things on your list (for instance, location, bedroom count, and yard), consider adding air conditioning and renovating the basement later. This shift in thinking will open up a lot of new options in your search.
Be Ready to Move Fast
Even with more homes on the market, the most desirable properties continue to generate multiple offers and disappear fast. Work directly with your agent to get a viewing before the open house on a home that piques your interest.
Bring All Decision-Makers to the Viewing
If you are purchasing a home with a partner, make it a priority to both see the home in person. Sellers want a smooth transaction, and when they see that both of you have made it a priority to view the property, it signals that you're serious buyers.
Begin With Your Strongest Offer
Don't assume an agent will call everyone back for a best and final offer. Go in with your strongest offer from the start, knowing that you can always sweeten the deal later in other ways, like being flexible about the closing date.
Work With a Local Buyer’s Agent
New regulations regarding buyer's agent contracts and commissions will go into effect on August 17. With so many changes, working with a reputable, hyper-local agent can make all the difference in navigating the process more easily and successfully.
