ESTATE TIPS & INFO.
TERMS USED IN REAL ESTATE
Tips on Buying in a Tight Market
Increase your chances of getting your dream house instead
of losing it to another buyer, with these easy steps.
prequalified for a mortgage. Youíll be able to make a firm commitment to
buy and make your offer more desirable to the seller.
in close touch with your real estate sales associate to find out first about
new listings that come on the market. And be ready to go see a house as soon
as it goes on the market.
out new listings yourself. Look at Internet sites, newspaper ads, and drive
by the neighborhood frequently. Maybe youíll see a brand-new ďfor
saleĒ sign before anyone else.
ready to make a decision. Spend lots of time in advance deciding what you
must have so you wonít be unsure when you have the chance to make an
competitively. You may not want to start out offering the absolute highest
price you can afford, but donít try to go too low to get a deal. In a
tight market, youíll lose out.
contingencies to a minimum. Restrictions such as needing to sell your home
before you move or wanting to delay the closing until a certain date can
make your offer unappealing. In a tight market, youíll probably be able to
sell your house rapidly. Or talk to your lender about getting a bridge loan
to cover both mortgages for a short period.
get caught in a buying frenzy. Just because thereís competition doesnít
mean you should just buy anything. And even though you want to make your
offer attractive, donít neglect inspections that help ensure that your
house is sound.
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Contact me with any information you need for Pensacola, Fl