What do you do when you are a buyer in a sellers’ market and you can’t find a new home to purchase? You act quickly, think creatively and get yourself financially prepared to purchase a home. 

Work on your financing

Get your credit is in order. Pull your credit reports. Know and address your credit issues before you start the process of getting a mortgage. Seek out a mortgage lender who will get you pre-approved. Showing a seller you are motivated and ready to purchase is invaluable. When the seller is looking at several offers, a buyer’s price and preparedness to get the deal done will be much more attractive.

Partner with a good local agent

Working with an agent who is well known for getting deals done quickly is important and necessary, especially in the current seller’s market.  Agents who are most familiar with the areas or school districts you are looking to move will know the best way to write up the type of offer to get a deal done.

Act Quickly

If you notice a new home up for sale, make an appointment to see it as soon as possible, preferably that day. Buyers are more aggressive in the current sellers’ market. Homes may be sold before there is even an Open House.

Get Creative

For the right price every home is for sale. See a home you like, send a personal letter to the home owner. You may be the buyer that will motivate the owner to sell their home. Find an agent who will assist you with looking at old listings or those that have been withdrawn or expired. You agent can also help you look at Pocket Listings or “For Sale by Owner” homes.

Remember being a focused, prepared, pre-approved buyer partnered with a great agent puts you in better position to move into your next dream home.

Eric Glassoff

Greater Boston Real Estate Expert

 

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