Most markets around the country have been experiencing historically low inventory, meaning that there just aren’t that many homes for sale in first-time homebuyers’ price ranges. It’s not that uncommon for a first-timer to end up in competition with one or even 10 other buyers, so we’ve become pretty crafty and strategic to make our buyers’ offers stand out to the seller. To help me lay out some potential roadmaps to success, Joe Long from Guild Mortgage joins me to discuss some of the strategies that he has seen work for homebuyers in our tricky seller’s market.
Feel free to follow along in the video above or else use the timestamps below to navigate the discussion in depth at your leisure:
1:28—Find out what’s important to the seller
2:48—Consider your offer’s terms and contingencies
4:08—Use a TBD underwrite
5:52—Appraisal forgiveness and a few other tactics to entice a seller to accept your offer
Remember, for a home seller, the most important thing isn’t always pricing. Using a combination of these strategies can help you stand out from the crowd and win the home you want in our market.
If you’re in the market to buy a home and you’d like to learn more about how we can help you beat the competition for a home you have your sights set on, reach out to us by phone or email. We’d be glad to help you discover tools and tricks to help you succeed in your goals.