Increase your chances of getting your offer excepted in a competitive housing market here in California and lower your chances of losing out to another buyer.
1. Obtain a Pre-Approval letter from a direct lender. You will be able to make a firm commitment to buy and your offer will be much more desirable to the seller.
2. Stay in close contact with your full time licensed real estate agent. Need to ensure you are up to date about the newest listings that come available. Be ready to see a home as soon as it goes on the market — if it’s a great home, it will go fast.
3. Scout out new listings yourself. Look at Web sites such as REALTOR.com, browse your local newspaper’s real estate section and drive through the neighborhood to spot For Sale signs. If you see a home you like, write down the address and inform your real estate agent so he or she can schedule a showing.
4. Be ready to make a decision. Spend a lot of time in advance deciding what you must have in a home so you won’t be unsure when you have the chance to make an offer. Taking to long to make an offer can lose you the home.
5. Bid competitively. You may not want to start out offering the absolute highest price you can afford, do not go too low to trying and get a deal. In a tight market like this, you’ll lose out.
6. Keep contingencies to a minimum. Restrictions such as seller to pay for a home warranty, closing costs, termite or fix small items in the home.
7. Don’t get caught in a buying frenzy. Just because there’s competition doesn’t mean you should just buy it, make a good solid offer that you are very comfortable with.
8. Stay positive. Purchasing a home is a process, your home is out there. Remain positive through out the process will surely work in your favor.
Lets get started on the 1st step towards owing a home and that is the pre-approval stage. I will review your income, assets and credit to determine your highest and best budget to purchase a home in a tight California housing market. I look forward in hearing from you at 909-503-5600.