While many areas of the economy have contracted, the housing market has stayed remarkably strong. But can the good news last?When COVID-related shutdowns began in March, real estate brokers and
Bidding War Success?
Dated: October 19 2020
Views: 160
As a buyer in today’s market, you have to be on your game! 55% of August home sales resulted in a bidding war and 69% of homes sold were on the market for less than a month!
Competition is strong with so few homes available. Let’s be prepared.
Getting Pre-Approved
Before you start looking, it’s important to know what you can afford. We have great lender partners that can help you navigate the mortgage process. Once you speak with a lender, you will know what type of loan you qualify for, how much you need for a down payment, and what your price range is.
If we get in a multiple offer situation, your pre-approval may seal the deal for your offer being accepted. This shows the seller that you are serious about buying their home.
Making the Best Offer
On average, there were over 3 offers for every home sold in August. Our initial offer must be competitive, or it may not even be considered. We need to determine what can make your offer more enticing, like having as few contingencies as possible, being flexible on the move-in date, and having a strong, competitive offer price.
Buying a home is a very big step. Being prepared means you will be able to move quickly and confidently in today’s competitive market!
Let’s schedule a time to discuss your strategy!
Kim & Andy Muldrow
Experience has taught us that everyone has a story and communication is key! Whether you're buying your first home or selling your third, you can feel assured that we will help you make well informed ....
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© 2021 Bryan College Station Regional Association of Realtors. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocitysm Program. Real estate listings held by brokerage firms other than Abby Realty are marked with the BR logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised
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