Most buyers in the current market will be faced with this situation: either the home you liked online has already been sold, or there are multiple offers on the house you want. In that case, it can be tempting to try to spend all the money you’ve been approved for on your mortgage. However, that’s not a smart move! If your offer is then accepted, you will probably end up being house poor. Check out this post by Steven Sales at Finding Homes In Henderson for the smart way to be a competitive buyer:
-Do not ever lowball a seller. Look for homes below your approval price so you are able to offer ABOVE the asking price.
-Offer to pay closing costs or for repairs
-Consider increasing Earnest Money Deposit
-Be flexible on timing- if the seller wants to sell FAST, be able to accommodate them!
On the surface, it’s easy to assume why millennials (people in their 20s and early 30s now) are not buying houses at young ages like their parents did. They were in high school and college during the housing market collapse and the great recession. Many of them are drowning in student loan and credit card debt, and making low wages in a stagnant job market. The assumption is, that they simply cannot afford to buy homes.
From what I’ve noticed recently, open houses are becoming a thing of the past. Nowadays, Realtors and buyers will just look online for a home that they like that is within the budget, and just schedule a private showing with the seller’s agent. That way, you know it meets most of your qualifications and you are more likely to make a serious offer. Open houses are like window shopping in the real estate world. However, buyers can still get some benefit from them. You will be able to ask questions and get more information from the seller’s agent. But what do you ask? Check out this post by
Even though things have been steadily improving in the real estate market since the housing crash of 2008, it still isn’t totally perfect. However, there are still real estate agents out there who are making sales, attracting buyers, and making profits. And there always will be, no matter how bad the market is. So, what’s the secret of the Realtor who always succeeds? Read this post by 
Looking for potential houses is super fun- I do it in my free time, and I’m not even currently looking to buy. It’s fun to see what’s out there (and sometimes dream of million dollar properties), but if you are seriously looking for a new place, it’s good to have a solid action plan. Read this article by 
