How to win the home buyer war.

I know that’s probably a little bit of an overused title it seems like everything is a war period storage wars, concert ticket wars, housing wars, tow truck wars and on and on. But they didn’t know what else to call it simply because of the fact that this is how a lot of my clients at times feel.

As a home buyer they feel like they are literally at war. The question then becomes how do you avoid that feeling and how do you battle back to end up in the home that you want to purchase? Their actual several there are actually several different ways to accomplish this but it comes down to the home buyer individually. What are you looking for in a new home? And what are you willing to change, repair or alter to get to where you want to be?

Case in point, if you’re looking for a house right now that’s completely move in ready that requires no work at all that looks like something out of a magazine or restoration hardware, be prepared to fight for it. A lot of home buyers are looking for that specifically right now. If that’s the case for you, then we have to look at different ways to write a purchase agreement to make you stand out and make you more attractive than all of the other competition. It’s really not that hard to do but you have to be willing to try something that’s a little bit of the out of box thinking. This is a combination of answering questions from myself as well as your loan officer to put the right offer together for you.

If that’s not the case and you’re looking for an older home that maybe needs some updating but stuff you can handle whether it’s your first home or your 5th home, then the strategy is a little bit different you don’t have to worry as much about how you write the offer because you’re not competing with other people. A lot of wonderful homes right now between $400,000 and seven or $800,000 are sitting on the market for several months without any offers and barely any activity. The key is scooping these up before the interest rates drop.

The last bit of insight would be what can you do from an interest rate perspective? I would argue that it’s better to purchase a home right now with a higher interest rate and refinance for $5000 when the rates drop. . Then to wait for the rates to become very attractive and all of a sudden now you’re in a bidding war because a lot of buyers who are waiting for the same thing you are will jump into the market. All of this goes back to timing and motivation. Give me a call and let’s have a conversation. You’re under no obligation but I’ll be more than happy to share the strategies in more detail with you and tailor them to your specific needs.