You’ve heard it before… it’s a “Seller’s Market.” And, if you are actively searching for a new home, you sure know that is the truth. The low inventory of homes for sale has made things difficult for buyers. There just aren’t many homes for sale out there and when a nice listing does come to market, it’s met with multiple offers…..often with offer prices over asking.
If you’re a buyer in this market, you might feel overwhelmed, but remember that with a solid strategy, you can still find your dream home. NOW is the time you absolutely need to have a buyer agent to represent your best interests.
The highest offer price in the world is worthless if the transaction doesn’t close and that is really what your buyer agent can help with.
Here are a few tips for buyers looking in a tight market:
1. Sign a buyer agency agreement
2. Talk to a lender before you shop so you’re prepared
3. Be prepared to pull the trigger
4. Write a competitive offer, now is not the time to gamble on a lowball offer
5. Write a clean offer by keeping contingencies to a minimum; Make it easy for the sellers to choose your offer
When inventory is low, it’s easy to feel like the best homes are already gone, but by working with your buyer agent, you can put yourself in the best position to have your offer accepted.
First Weber sells real estate throughout Wisconsin & more: Metro Milwaukee and Southeastern WI, South Central Wisconsin/Greater Madison, Southwestern WI, Western WI & parts of Minnesota, Michigan’s Upper Peninsula, Central Wisconsin, Northeast Wisconsin and Wisconsin’s great Northwoods. You can start searching for Wisconsin real estate and Wisconsin real estate agents at firstweber.com