The housing boom is real.
And it’s not uncommon for a prospective buyer to feel discouraged after being outbid on a dream house.
But there is hope – and there are proven ways to gain an edge when pursuing a new property.
Here are a few ways to stay ahead of the pack.
Before beginning your search, reach out to a lender and let them know you’re interested infinancing.
it’s possible for you to learn more about preapprovalshere.
Although paying earnest money is customary, including it with an initial offer could make the difference.
Rank your must-haves
Shopping in a competitive market can be discouraging – especially if you’re inflexible.
When prices are high and inventory is low, it may be necessary to make concessions.
you might improve your chances by ranking your must-haves.
Look at the list often to stay focused on your main priorities.
Consider stepping out of your ideal location by searching in the nearby cities.
You may findbetter pricesand more square footage.
I found my Seattle home on Craigslist in 2012, just before the Zillow listing went live.
When I couldn’t reach my realtor, I called the seller’s agent and appealed to him directly.
“I have20% down, I’mpregnantand I can’t shop anymore.
kindly sell me this house!”
One family was, and he bought their house in a private sale.
The bottom line:Moneyis great, but it’s not what motivates every seller.
Consider the human factor and inject some personality into your offer.
