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460 Realty's 16 Tips for Buyers in an Unbalanced Market

At a recent 460 Sales meeting, we brainstormed ideas to help buyer's in an unccertain market. We believe that drawing upon everyone's knowledge and experience will better serve our client's in this market. That being said, we created a great list of tips to help buyer's in this unbalanced market. 

 

  1. Ensure you have solid financing in place
  2. Secure a temporary place to live in order to keep dates as flexible as possible
  3. Understand that your choices may be limited as we to what is currently available on the market
  4. Agree to work with one Realtor and ensure they are also committed to working for you
  5. Have your deposit money ready and easy to access
  6. Learn about the local market you're buying in, discuss the sales statistics with your Realtor to understand how to make a quick decision
  7. Work closely with your Realtor, follow through on contacting your home inspector, insurance and financing, do your homework!
  8. Be sure your Realtor will be available quickly to show you properties, if they're unable to then develop a plan for who they will have in their place to show you
  9. You also need to be available to view properties as soon as possible, on your lunch break, or after work
  10. Discuss listing price with your Realtor, understand that right now listing price may not always reflect true value of the home
  11. Be prepared for a multiple offer situation and understand how a multiple offer situation will play out
  12. Be prepared to write a clean offer, have financing secured, some buyers bring a building inspector with them when viewing so they don't have to have that as a subject in the contract
  13. If you are on the PCS (Private Client Services) then check it often (3 times a day) and on weekends and if you're not on the PCS then have your Realtor set you up on it!
  14. Make sure your Realtor will follow up on pending offers in case the other deal collapses 
  15. Be open to writing a back up offer
  16. Include your personal story with your offer, even a photo, this can make a difference if a seller is wanting someone who will be good to the neighborhood or raise a family in the home they raised their family in  

 

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