Finding the perfect home in a hot market is a daunting task. If you have been searching for a home to buy since March of this year, you know its not been easy. Homes have many offers on the table and buyers are fighting to get their bids accepted even if they are prepared to pay more than the asking price.
Here are a Few Tips About Finding the Perfect Home in a Hot Market.
Homes That Have Been On The Market a Long Time
Ask your agent to set you up on a search for homes that have been on the market for more than 30 days. Sometimes those Sellers become more desperate when they see other homes hitting the market and being sold quickly and their home is just not moving. Take a look and see if the home could fit your needs. Often it just needs a coat of paint or new carpets, maybe a wall can be removed to make it more appealing and enhance the floor plan. Cosmetic changes could be the trump card to you winning the battle of the bidding wars and finding the perfect home in a hot market.
Ask your agent to look and see if there are any homes on the market that are priced out of there price point and possibly just out of your price range too. This may give you an opportunity to find a home, put in a lesser offer and possibly the opportunity to get your new home without a bidding war and for a realistic price.
Priced Reduced Listings
Your Real Estate Agent can also make sure you get to see the Price Reduced Listings and it would be a good idea to get in to see those as soon as possible. You may be the first one in and get the opportunity to see the home first. Price Reduced Listings are often a great opportunity to find your home!
Outskirts of The Desirable Neighborhood
If you are not looking for a home in a particular popular school district, then consider looking at homes on the outskirts of that location because there will be less bidders looking outside of the school district. Perhaps consider an adjacent and possibly not as popular a neighborhood or town. If there is less demand in a neighborhood you could find your perfect home in a hot market.
Partner With a Great Real Estate Agent
Partnering with the right real estate agent helps a lot when you are looking for a home. A real estate agent with great local knowledge, well connected in the industry may know about some pocket listings. These may never get to the MLS, but they are sellers who don’t want their neighbors, family, business, colleagues or for whatever reason they may have to know that they are selling their home. Your realtor will know about those listings or will know who to call to find out if there are any on the market and help you find the perfect home in a hot market.
If you are looking for a great real estate agent – Sara and Michael Gaddy are a wonderful Husband and Wife partnership. Call Michael (704) 975-4651 for email or more information.
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