Buying a piece of property in today's market can be a challenge, but with the right tools and strategies, it doesn’t have to be hard. In this article, and in the accompanying video above, we discuss a few simple things that, if done right, can eliminate tons of headaches and put you in a position of strength as you navigate the unique current real estate market.
1. Get Pre-approved
When someone gets pre-approved for a mortgage, it reflects not only a level of commitment, but also qualification. When a seller sees that your financing is in order, they know you’re serious, and as a result, they will be much more inclined to engage with you. Of all the major steps in purchasing a home, financing is arguably the most crucial.
The entire transaction often hinges on it. By addressing this step early on, you position yourself strongly as you begin to make offers on properties.
2. Get a Good Agent
Having a good agent can be invaluable as you work toward homeownership. An experienced agent has connections with mortgage brokers, title representatives, inspectors, insurance agents, and more. If they're like Kurt, they've gone through the process hundreds of times and know what it takes to finalize a good deal.
When considering a purchase of this magnitude, which is often a person's most significant investment, having someone you trust, who understands the process and guides you to reap the greatest benefits, is reassuring. A good agent can instill confidence that you'll achieve the best possible outcome.
3. Speed
In a market like this, being quick to act is essential. With many listings receiving offers sometimes within minutes of being listed, it's vital to be proactive. Having tools that allow you to view these listings as soon as they're on the market is crucial for success.
This is another instance where a great agent can prove invaluable. They can equip you with the tools and technologies to learn about new listings promptly and engage with sellers effectively, increasing your chances of securing a purchase.
4. Make a Compelling Offer
With homes receiving multiple offers shortly after listing, it's vital to stand out from the competition. Knowing which incentives to include in your offer and which demands to exclude can give you a significant advantage when sellers decide on the best fit.
The above four tips can prepare you in a way that you're taken seriously, ensuring you have an opportunity to present an offer with a high chance of acceptance.
Kurt Zerby has been serving the Canon City community as a real estate agent since 1980. In 2021, he was the top agent in the area, and his customer satisfaction is unparalleled. If you're looking for an agent with unmatched experience and expertise, someone who will guide you to the finish line without any hassles and ensure you reap the maximum benefits, give Kurt a call today!