In 2022, the housing market is expected to rise in price by 11% and continue to rise into 2023. Buying a home in this type of market can be difficult because of limited availability, swift and competitive offers, and much more. How can you make the process of buying a home easier at a time like this?
If you’re looking to buy a home, you’ll need a great agent on your team. What else can you be doing? Continue reading to find out five tricks to help you in your home search!
1. Create Alerts on Search Sites
If you are actively house hunting, you are most likely viewing homes on websites like Zillow or Trulia. These popular sites offer a wide range of preferences to choose from when you are searching. They also allow you to create alerts when a home is listed that meets your criteria.
Turning these alerts on will give you instant alerts to your email. This gives you the upper hand and allows you to see a home right when it’s listed so you can make a move as fast as you’d like.
2. Get Pre-Approved for a Mortgage
What you understand that you can afford versus what the bank thinks can be very different. Don’t skip the important step of getting pre-approved for a mortgage. You will be wasting your time and everyone else’s if you aren’t able to get approved after signing a contract.
3. Don’t Make Your Search Too Narrow
When you buy a home, you want it to meet every little criterion you have longed for. You may have the perfect house created in your head but it might not be there when you need it. You’ll need to make some compromises here and there.
Some things can’t be ignored, of course. However, there are plenty of things that can be changed later if they aren’t your style after you buy a house.
4. Use an Agent Local to the Area
Going through the home buying process in this kind of market is already tough, don’t go it alone. You should enlist the help of a quality real estate agent. A local agent can be beneficial as they know the market in that area through and through.
They can walk you through the different areas of the city and help you make informed decisions. Remember that community is an important aspect of finding a home. For example, if you’re buying a home in Dallas/Fort Worth you can narrow your search based on these communities.
5. Dragging/Rushing to Make an Offer
Timing is everything when making your offer. Your real estate agent can help you decide on when you need to make an offer and how much. Be sure not to waste too much time or be too quick to make your choice when you find a house you love.
Make Your Home Search Easier
The home search process can be stressful as you see things come and go. Not all of them will be wins but there will always be more to come! These tricks can help you find a home that you’ll love.
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