Tips for Buying Homes in a Tight Market
Posted by Cary_Agent
Cary , NC has some markets that are fairly tight, especially in the 180k to 300k price range. Following a few easy tips will help to ensure that you will get your dream home, even in the tight market of today. These tips include:
• Before you starting looking for homes, get pre-qualified for a mortgage. This way you will be able to make a firm commitment to buy the home making your offer more desirable. 
• Find out first about new listings that come on the market by staying in close contact with your Cary real estate agent. Be ready to go see the house on the first day that it is being shown.
• Look on the Internet, in newspapers, and drive by the neighborhood of your choice to keep on top of new listings yourself.
• Spend time in advance deciding what you do and do not want so that when you find the home of your dreams you will be ready to make an offer.
• Make your bid realistic and competitive. Just as you wouldn’t want to bid at the top of your budget, you don’t want to go too low either and lose out on a prospective home.
• Keep your bid as desirable as possible by keeping contingencies to a minimum. Restrictions such as selling your home before the closing or delaying closing until a certain date will make your offer unappealing to the seller. If your house does not sell on time then talk to your lender about getting a bridge loan to cover both mortgages until it sells.
• Don’t get caught up in the competition of buying your new home. You shouldn’t buy just anything just because it is a good deal. Don’t neglect important aspects of home buying such as inspections to make your offer more attractive.
Buyer tips
Leave a Reply