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Right now, the Tucson real estate market is on fire. As a buyer, how can you get the house you want in a competitive market? There are a few strategies to keep in mind.
1. Be informed. If there’s a specific neighborhood, community, or builder that you’re interested in, stay informed. Set up automatic alerts for homes in the areas you like. That way, you’re notified as soon as a property becomes available. A Realtor can help set that up for you.
1. Be informed. If there’s a specific neighborhood, community, or builder that you’re interested in, stay informed. Set up automatic alerts for homes in the areas you like. That way, you’re notified as soon as a property becomes available. A Realtor can help set that up for you.
2. Be prepared to buy the best house, even if it’s the first house you see. If you’ve been searching online and you really admire a property, I encourage you to act on it. You don’t want to miss out! It could be weeks before you find another one.
3. Work with a Realtor. Professionals have the inside track on information. We have pocket listings and we hear from the builders and communities offering properties you might be interested in. A pocket listing is a home that is not going to be on the market for another six to eight weeks. However, a Realtor can get you into that property before it hits the MLS.
4. Get pre-approved. There’s nothing worse than finding a house and discovering you can’t make an offer because you are not pre-approved. A pre-approval lets you know how much home you can afford.
5. Know what to offer and when. If you enter a property and see that there have been a lot of visitors on the sign-in sheet, the house has generated a lot of interest. You might end up in a bidding war. There are a few things you can do in this situation. First, ask your Realtor to find out the details of the offers you are competing against. Find out what type of financing the other buyers are using, as well as how much money they are putting down.
4. Get pre-approved. There’s nothing worse than finding a house and discovering you can’t make an offer because you are not pre-approved. A pre-approval lets you know how much home you can afford.
5. Know what to offer and when. If you enter a property and see that there have been a lot of visitors on the sign-in sheet, the house has generated a lot of interest. You might end up in a bidding war. There are a few things you can do in this situation. First, ask your Realtor to find out the details of the offers you are competing against. Find out what type of financing the other buyers are using, as well as how much money they are putting down.
There are many other strategies for finding a home in a competitive market. If you have any other questions, give me a call or send me an email. I would be happy to help you!
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