On Target Home Inspection
  • Welcome
  • About
  • Services
  • For Agents
  • Client Resources
    • Your Inspection
    • Your Report
    • Sample Reports
    • Inspection Preparation
    • Contractor Referral List
    • FAQ
    • Blog
  • Career Opportunities
  • Community Outreach Program
  • Contact
  • Schedule Your Inspection
  • Menu Menu
Blog

Buying A Home In A Seller’s Market

a family with real estate agent inside the house | On Target Home Inspection | buying a home Orland Park IL

Orland Park Home Inspection Insider tips and tactics for buying a home in a seller’s market

 

Whether you’re a millennial looking to buy your first home or a boomer thinking about downsizing your empty nest, you’re probably aware that it’s a seller’s market out there.

 

Homes are selling at lightning speed, bidding wars are commonplace, buyers often have little to no room for negotiation and the price of those homes keeps rising.

 

But don’t worry! Just because it’s a seller’s market doesn’t mean you can’t get a good deal on the home of your dreams. Here are some insider tips and tactics from the pros at RE/MAX, LLC to help you get your slice of the American dream at a price you can afford.

 

Work with a full-time, experienced agent.

This is critical, vital and non-negotiable. Things move so fast and offer are made within minutes of seeing a home. If you don’t have a real estate agent, you can easily be overwhelmed by this thrill ride. Your agent can help you with negotiation, serve as your champion, and can guide you through this process as a pro.

 

Get pre-approved by a lender.

When you’re pre-approved, you’ve done all the paperwork up front. The bank has decided what you can afford to spend. This tells the seller you mean business and are ready to roll.

 

Use technology.

If you aren’t using technology, you are missing out. Hop on remax.com and view homes within your price range or in your desired school zone or neighborhood. You can also get a sense of what’s selling at your budget and even calculate your estimated mortgage payment.

 

Don’t wait to request a showing.

If you’re checking out houses online, ask your agent to request a showing as soon as you see one you like. Don’t wait until the weekend. You know what they say about he who hesitates …

 

Don’t wait to make an offer.

If you like it, jump on it. Make your offer clean (no contingencies such as the sale of another property), if possible, and consider offering favorable concessions to the seller such as a flexible closing date.

 

Think outside the box.

You might have come into your home search wanting to live in a specific neighborhood. What if you expanded your horizons a bit? Cast your net wider into areas you hadn’t considered. A lovely gem might be waiting out there for you.

 

Don’t make a major purchase between offer and closing.

If you do, it could upset your debt-to-income ratio. Your lender could run the numbers again, and you’d be sunk. Hold off buying furniture or ordering new appliances until after closing documents have been signed and the place is yours.

 

Following the advice of your agent is always critical, but it’s even more important in a seller’s market. He or she will guide you through the process, and you’ll be unpacking boxes in your dream home in no time! (BPT)

May 14, 2018/0 Comments/by joez
Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on WhatsApp
  • Share on Pinterest
  • Share on LinkedIn
  • Share on Tumblr
  • Share on Vk
  • Share on Reddit
  • Share by Mail
https://d2mox62vvl5ob4.cloudfront.net/wp-content/uploads/sites/128/2018/06/20183431/32322197_original-scaled.jpg 1707 2560 joez https://d2mox62vvl5ob4.cloudfront.net/wp-content/uploads/sites/128/2015/11/20183102/OTHI_Retina.png joez2018-05-14 07:38:262020-10-21 20:50:39Buying A Home In A Seller’s Market
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • When Saying ‘I Do’ Means a Move: 5 Tips for Combining Households
  • 5 Ways to Create an Inviting Room Using Tile
  • Building a New Home? Protect Yourself Against Today’s Faster, Scarier Fires
  • Mortgage Insurance: Added Cost to Homebuying or Smart Way to Get In?
  • Catch Home Buyers’ Attention with a Bathroom in an ‘Impossible’ Space

On Target Home Inspection has been providing Full Residential Inspection, Certified Move In Ready, Annual Maintenace Inspection, Investor Inspection Program, 11 Month Warranty, Platinum Protection Package, Better Than Good Package,Healthy Home Package, Lite Commerical Inspection, Radon Testing, and Sewer Scope Inspection services in Chicago, Illinois and Surrounding Areas.

When you or someone you know needs the services of a quality home inspection company, we would truly appreciate you thinking of us. Call (708) 350-9449 Today or Click To Schedule Online 24/7 Right From Our Website

Call or Text

(708) 274-7279

Email

joez@ontargethomeinspection.com

Address

12218 S Harding Ave, Alsip, IL 60803

Service Area

On Target Home Inspection has been providing Full Residential Inspections, Certified Move In Ready (Pre-Listing) Inspections,, Commercial Inspections, Radon Testing, Sewer Scope Inspections, WDO Inspections and Investor Consulting Services in Chicagoland, Cook and all collar counties since 2010.

© Copyright - On Target Home Inspection | Website By Spectora
  • Career Opportunities
  • Blog
  • Privacy
Pest Prevention Tips
Scroll to top