By now if you are thinking about purchasing a home you have probably heard of how hot the spring market has been. Why is this? A couple different factors have led to such a crazy spring market. We are seeing historically low inventory levels for homes. This has happened before so why is it so different this time? We are also experiencing historically low interest rates which has led to an influx of buyers looking to purchase homes. These two factors have resulted in a very hectic spring market that may seem impossible to navigate. Don’t worry though, we have some tips and advice to help you get your dream home!
The first thing you need to make sure of before exploring the housing market is that you are preapproved. This means having all of your finances in order and then reaching out to a mortgage broker in order to obtain that preapproval letter. Why is this so important? It may seem like a simple piece of paper but it’s the foundation for your entire home buying process. It tells you what you can afford so that your agent knows exactly what kind of homes to put in front of you so you can pick the perfect one.
The next thing that we recommend in order to help you along your journey is follow our 80/20 rule. No house is perfect and in such a competitive market, searching for perfection can mean missing out on the right house. So make a list of everything you desire in a home and figure out that are the 80% of things you can’t live without and the 20% that you can so that you and your agent can narrow down some options to pursue!
In a market like this every advantage counts and the most overlooked aspect of the process is the communication skills of your agent. If your agent cant communicator your offer and your needs properly and work with the other agent then the deal will not get done. It’s that simple. Agents like working with other agents that they consider friendly and reasonable. We here at the Groho Group pride ourselves on our communication skills and it is the reason we have been able to deliver for so many clients throughout the years. Make sure to check out our blog post about Zenlist as well! This new app offered by @Properties is a game changer and the reason why our clients are beating the competition when it comes to getting their dream home!