In the Zillow age of real estate, buyers are more self-educated and aware of market trends than ever before. The exciting part about this is that my clients come to me with a base knowledge that makes the search from their now home easier and more efficient on both ends.
Undoubtably, the property search in a seller's market is more high-energy than in a buyer's market. The past two months have shown lower inventory of amazing properties in Philadelphia, and they move quickly, often within 24-hours of being listed on the MLS. A well educated buyer knows that they are looking for, and steps into the market prepared to move quickly in order to secure the perfect home for them. Here are a few tips to prepare yourself for today's real estate climate:
Tip #1: Get preapproved.Buyinga home is a two-way transaction between the buyer and seller, and a buyer equipped with a preapproval in hand is ready to move forward quickly
Tip #2: Get a top-notchreal estateagent who knows the neighborhood in which you are looking, has experience in this seller's market, and has a steadfast plan to execute when you find the right home in your search
Tip #3: Be ready to move forward without hesitation when you find what you're looking for. An hours worth of contemplation can lose a deal before it begins. Don't be afraid to make an offer, understanding that there are several steps after acceptance that will insure that you won't pay too much for any home, and that it is a good buy for you
Tip #4: Place a fair bid. It's not about getting a home "under ask" anymore. It's about getting the home, period!
Tip #5: Make your offer more attractive. I can work with you creatively to make your offer more desirably by altering terms and conditions to ease the seller and get you the property over other offers in a multiple bit situation.
Tip #6: Write a personal note to theseller. You would be surprised how effective this can be!
Tip #7: Decide where you can compromise. If purchasing a home right now is a necessity, know your must haves, and your nice-to-haves. What can you do without, and what could you upgrade yourself at a later date, once you secure the property.
Tip #8: Exercise patience. Because of multiple bids and an aggressive market, sellers will often wait to accumulate offers before making a decision. Don't let this deter you from throwing your hat into the ring. Patience can work in your benefit. Remember, you are buying the home, not the home owner!
Author:Matthew Ochs Phone: 267-446-6565 Dated: June 13th 2018 Views: 179 About Matthew: Having grown up in a family who relocated several times before the age of eighteen, the real estate ...
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Lisa is a fourth generation Philadelphia native. She currently lives in Queen Village, but has lived in Washington Square, Manayunk, and both Delaware and Chester County. Her insight and knowledge of Philadelphia and the surrounding areas are unmatched. She loves how the city is constantly transforming, and spends her spare time exploring all of the new — and old! — things Philly has to offer.
Lisa graduated with a degree in Marketing from James Madison University. Shortly after, she began her career working in the insurance industry. With experience in both commercial and personal insurance, her interest in real estate steered her to specialize in residential homeowners insurance. The continuous involvement in home purchases made for a seamless transition to her true passion, real estate.
Lisa’s excellent customer service, determination and guidance towards financially rewarding decisions make her a premier agent. She will learn as much as possible about her clients to ensure that not only their needs are met, but their hopes and wants are achieved as well.
Lisa spends her free time exploring city neighborhoods, hiking at Wissahickon, Ridley Creek, and Valley Forge, walking dogs, and practicing and teaching yoga.