Ways Homebuyers Can Win in Today’s Market
Homebuyers Can Win in Today’s Market
If your goal is to purchase a home this year, you might be looking for any advantage you can get in today’s sellers’ market. While competition is still fierce for homebuyers, there are ways you can win and secure the home of your dreams, even in a hot market.
The longer you wait to buy a home, the more expensive it will be. Experts project mortgage rates and prices for homes in America are expected rise even further by 2022- so if this sounds like something that interests or concerns you then act early! The sooner you buy, the better! As soon as your offer is accepted and it's time for closing escrow - all of that hard work will finally pay off with an increase in property value. You'll be able to watch these increases come rolling in every month because there won't ever need any more nurturing from buyers or sellers; they're guaranteed thanks solely by being first upon market (or at least close enough).
Buy Now, Move Later
Keep in mind, with high buyer demand like we’re seeing today, you’ll be competing against other potential homebuyers, which means you need to find a way to stand out. One way to accomplish this is to negotiate with sellers and present terms that meet their ideal needs. Danielle Hale, Chief Economist for realtor.com, explains one lever flexible buyers can pull to entice sellers:
In other words, if you’re eager to purchase a home now before it becomes more costly and you don’t have to move right away, you could extend the date of your closing and provide the seller with the time they need to find their next home. That’s a deal that could benefit both parties and help you stand out from the crowd.
Of course, it’s important to work with a real estate professional for expert advice on how to make your best offer. Your trusted advisor knows what’s working in your market and what may appeal to sellers.
Experts project home prices and rates will increase in 2022. That means buyers who are ready should act soon and find ways to strengthen their offer to meet sellers’ needs. Let’s connect today to learn how you can win in today’s market.