Right now, it’s a seller’s world. Housing inventory is low, and there are more buyers out there than sellers. If you are selling or thinking of selling, this is great news- you will often get the full value of your home, and have multiple offers to choose between. If you are looking to buy, however, it’s not so great news. Whether you are just starting out on your own, trying to escape skyrocketing rent prices, or moving into a second home with your expanding family, you need to be prepared and ready to face the competition. For tips on buying in a seller’s market, read this article by Kyle Hiscock at the Rochester Real Estate Blog:
-Get your finances in order- get that credit score up, and get pre-approved- or be ready to pay cash. Most sellers will not consider offers from buyers who have not been pre-approved for a mortgage.
-Be ready to shop- it’s very common that a home will have multiple offers on it within its first 24 hours on the market.
-Select a top buyer’s agent to help you
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