In today’s market, homes sell fast and with multiple offers. According to the latest Realtors Confidence Index from the National Association of Realtors (NAR), homes today are receiving an average of 3.9 offers. Multiple offers means there will be bidding wars. In those situations, you need to feel confident in not only your offer, but ready to beat competing offers. To help you win in today’s hot market, an expert real estate and mortgage advisor is key. These advisors are necessary because they know what’s worked for other buyers and what the sellers want. Here are three tips from our experts on how to great a good offer in a hot market.
Get Pre-Approved for a Mortgage
First things first, you need to know what you can afford and how much you can spend. The best way to
do this is to meet with a mortgage lender to get pre-approved and to help you understand all of your options.
Lenders are able to help with multiple aspects and will help get you in your home while trying to keep
more money in your pocket. A pre-approved mortgage shows sellers that you are ready to move forward quickly and that you are serious about buying the property. At the Ultimate Lending Team we will also help you understand that making an offer most likely will require you to go above asking price, but we will show you how and explain why that isn’t a bad thing.
Be Aware of Listings and Make Offers Quickly
Due to the competitive nature of the market, you will want to be ready to move quickly. Houses
come and go within days, so staying on top of new listings is very important. Your real estate agent
will be able to help with that. Once you find your new potential house you need to make your offer fast
and as strong as you can so you can win that home.
Find a Trusted Mortgage Lender
Finding a lender you can trust will make all the difference in the home buying process. A lender’s job is to help you create and put down the best and strongest offer first. Their expertise will allow you to make a great impression on the seller and can help you get to the top of their list! Here at the Ultimate Lending Team, we make sure you and your realtor are ready when you find that amazing house. The real estate agent will also help in this process by waving some contingencies and making your offer hard to pass up.
In the end, having a great lender and real estate agent gives you the best chance of making an offer that
will win. Contact us today. Whether you’re a first time homebuyer, just getting started ,or an experienced buyer looking to grow your wealth and equity – we can help. Today’s competitive market is a difficult one to navigate, but it’s not impossible to live your best life through home ownership with the right kind of help.