Home Buyer Tips in a Hot Sellers' Market:
When housing inventory is low, the housing market becomes very competitive and prices tend to rise. If you plan to buy a home in this environment, you'll need to plan ahead to avoid losing out. Follow the 5 home buyer tips below, and increase your chances of winning in a hot sellers' market!
1.) Stick to your budget: Before you go out looking for your dream home, meet with a mortgage lender to get “pre-approved” so you know what loan amount you qualify for. Be prepared to walk away if you happen to find yourself in a bidding war and a price that surpasses your budget.
2.) Identify desired neighborhoods and prepare a list of wants vs. needs: Home buyers should have a list of “must haves” to help you focus on the right location and property features.
3.) Home buyers need to be prepared to act quickly: In a sellers' market, homes rarely stay on the market long. Buyers should view new listings immediately and be prepared to submit offers quickly!
4.) Submit your highest and best offer with limited contingencies: Don’t try to “make a deal” in this competitive market.
5.) Work with one of Acuity Group's experienced Home Buyer Agents and listen to their advice. We'll give you the extra advantage needed to win in a competitive housing market!
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Acuity Group Real Estate Professionals
564 Dodge Ave Suite A
Elk River MN 55330
OUR SPECIALTIES: Residential & Commercial Seller and Buyer Services, Property Management & Residential Rentals, Residential and Commercial Investment Property Specialists, Listing & Marketing Specialists, CDPE (Certified Distressed Property Experts), Short Sale Specialists, REO/Bank Owned Sales. Golf course properties, water front properties, acreage & hobby farms, vacant land, condos & townhomes, industrial/manufacturing/retail properties, association maintained properties, senior housing, luxury homes, vacation & secondary housing.
Serving the following Minnesota Counties: Sherburne, Anoka, Wright, Hennepin and portions of Isanti County