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For homebuyers, it is paramount to remain patient as you explore the real estate market. At the same time, it is important to understand that the real estate market moves quickly. Thus, if you wait too long to submit an offer on a house, you could miss out on your dream home.
Lucky for you, it is easy to prepare to buy a house in a fast-paced real estate market – here are three tips to ensure that you can do just that.
1. Make a Competitive Offer
If you find a house that you like, don't wait to submit an offer on it. Instead, submit a competitive offer from the get-go, and you may be able to secure your ideal home immediately.
An informed homebuyer is a smart shopper who understands what a "competitive" offer means for both a homebuyer and home seller. Ultimately, a homebuyer who assesses the condition of a property and the current state of the real estate market should have no trouble submitting a competitive proposal.
2. Track the Housing Market Closely
As a homebuyer, you'll want to stay up to date on new homes as they hit the real estate market. By doing so, you'll be better equipped than other homebuyers to check out these properties and find houses that match your budget and lifestyle perfectly.
New homes become available daily, so be sure to track properties online. Also, if you understand exactly what you want from a residence, you can narrow your search and improve your chances of finding a home that suits your needs.
3. Work with a Fast-Paced Real Estate Agent
When it comes to purchasing a house in a fast-paced real estate market, there is no need to leave anything to chance. Fortunately, you can hire a real estate agent who can help you discover your dream home quickly and effortlessly.
A fast-paced real estate agent will go above and beyond the call of duty to assist you. As such, this real estate professional will set up home showings and keep you informed about new properties as they become available. Plus, your real estate agent is happy to negotiate with home sellers on your behalf and ensure that you can purchase your dream home at a price that matches your budget.
Perhaps best of all, even a fast-paced real estate agent will slow down the homebuying process as needed. If you ever have concerns or questions about buying a house, your real estate agent will respond to your queries without delay.
Hiring a trusted real estate agent can make a world of difference for homebuyers in a fast-paced housing market. In fact, with a top-notch real estate agent at your disposal, you can browse the housing market closely and accelerate the process of finding your dream house.
Although the real estate market may fluctuate constantly, homebuyers who plan ahead will be able to simplify the process of acquiring exceptional properties. And if you use the aforementioned homebuying tips to your advantage, you can boost your chances of obtaining your dream home in a fast-paced housing market.
Selling a home requires a combination of careful planning, favorable market conditions, and good luck. As a result, there’s no simple formula for determining when your house will sell. There are, however, things you can do to help increase the odds of your home selling within your timeline.
In this article, we’ll go over some of the reasons homes sell quickly or slowly, and offer some tips on how to plan accordingly so that your home sells at the price you want and within the time you need, so you can get back to your life in your new home.
What you can’t control
Let’s start with the pre existing conditions that you won’t have much sway over when it comes to selling your home. First, there’s the market: is it a buyer’s or a seller’s market? The term “seller’s market” deals with supply and demand. In a seller’s market, there is more demand than supply, and therefore listings often see quicker sales and more frequent offers. These terms are used geographically as well. While we are currently considered to be in seller’s market nationwide, it could vary geographically. Certain cities and regions experience surplus housing and are therefore considered buyer’s markets.
What you might be able to control
One factor in the amount of time it takes for your home to sell that you have some control over is when you put it on the market. A new study has found that the best time to sell a home is early March to late April, depending on your geographic location.
For you, this means ensuring that your home is ready to be listed by the end of January. That means you won’t want to delay in getting outdoor issues taken care of before winter arrives if you live in a colder climate. It’s much easier to work on roofs and driveways or septic systems before temperatures reach freezing.
What you can absolutely control
Now that we’ve talked about those details which are out of your hands, let’s talk about what you can do now to increase the likelihood of your home selling when you need it to.
First, be sure to price your home accurately. Any time that your house sits on the market with an inflated price is time wasted.
Next, stay on track with home improvements and upgrades that will increase the interior appeal and curb appeal of your home. That means fresh coats of neutral paint, a lot of cleaning and decluttering, and some appropriate landscaping. It’s important to remember, however, that some upgrades aren’t very cost-effective, so be sure to do your research before taking on big home improvement projects.
Right before you put your home on the market, take the time to stage the home and take great photos. Cell phone pictures of a dirty house with poor lighting won’t do you any favors. If you know a photographer, enlist their help for the day to make sure your photos stand out on listing websites.
If you follow these tips and remain consistent in communicating with your real estate agent, there’s no reason you shouldn’t sell your home within the timeframe needed for you and your family.