Tips For Buying A Home In Spring

Dated: 02/13/2018

Views: 42

Image title


Spring is coming and that means a lot of things. We are going to start seeing more light in the morning and evenings, the flowers are going to start blooming, and of course, the real estate market is going to start heating up, just like the weather. Spring can be a great time to buy a home. The problem is that everyone else is thinking that too. It is the most competitive time to look for a home, so you will need to be ready for a fight if you want to get the home of your dreams. Here are some tips for you if you are looking to buy in the spring.

Local Funding

Local banks and mortgage companies are not only easier to deal with and get in contact with if you have a question or problem, but they also will generally get a preference when there are multiple offers. It gives the seller confidence that the sale and financing will go more smoothly.

Focus on the House

Don’t worry about short sales or foreclosures. When it comes to real estate, it is always about location. You can change a lot of things about a home, but one of the things you can’t change is the location. Make sure you are happy with the location. Being happy with the location is not only important for you, but also for a potential sale in the future.

Hire a neighborhood specialist

If you are serious about a certain neighborhood or area, a neighborhood specialist makes sense. An agent that is familiar with a particular area can provide you with reams of information that can help you get the leg up on the competition. They will know the right prices, have a list of comps and knowledge of the area to give you all the information to get you in the desired neighborhood for you.

List Price

A list price is just that. It is a well thought out price that factors in a lot of different variables. Most people think of a list price as a starting point for negotiations and often offer less than the list price. However, when it comes to a home that has a lot of offers, you will have to be willing to go to the list price and possibly above in a really competitive situation. Make sure that you have a maximum that you won’t go beyond, so you don’t put yourself in too tight of a financial situation.

Escalation Clause

Another way to make sure you are in the running for a home is something called an escalation clause. This clause allows you to raise your offer slightly over any other offer up to a certain cap that you create. This means any offer another buyers gives will be topped as long as it doesn’t go over your agreed upon price max.

Offer the seller something others won’t

The purchase price isn’t the only thing in play when it comes to negotiating for a home. Talk to your agent about things you can offer. Sometimes it can be allowing the seller another day or week to have the house, or waiving rights to things.

Spring is a great time of the year to buy. Using these tips can help you stand out from the competition and get you into the home of your dreams. To find out more, visit our website, http://don.remaxogden.com/.

https://www.thebalance.com/tips-for-buying-home-in-spring-1798250

https://www.redfin.com/blog/2016/04/what-is-an-escalation-clause.html

Latest Blog Posts

How Schools Can Affect Your Home Value

When it comes to buying a house, there are many factors for a potential buyer to consider. Everything from a home’s layout to kitchen to the yard. In the end, though, the most important factor

Read More

6 Ways to Show More Gratitude Every Day

Gratitude has been shown to create a positive attitude which leads to better overall health. It can help fight stress and even boost the immune system. Showing gratitude helps you and everyone

Read More

Being a Good Houseguest

There is usually a time of the year that you want to get away from work and school and other responsibilities and go on a vacation. You might not always get to go to a fancy resort or go camping.

Read More

What you need to know about mortgage insurance

Homeowners insurance and title insurance may not be the only kinds of insurance you need when you buy a home. Many buyers also have to purchase mortgage insurance, which lenders require for

Read More