Want to buy a new home in 2023? This one's for you!
On the house hunt? This one's for you!
Seattle's spring real estate market has arrived (no groundhogs in sight here!) and NOW may be your short remaining window of time left to βscore a dealβ.
The number of homes currently for sale remains historically low, meaning buyer competition is heating up, with predictions of another strong sellersβ market coming this spring, so you must be prepared!
Just how do I get prepared you ask??? Keep reading . . .
Six ways to ensure your offer will WIN in a highly competitive market.β£
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Always work with an experienced realtor who actively sells homes & buys homes in the location that you are seeking. They know best what sellers want & also how to protect you as a buyer.β£
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Be sure to offer 4-5% (of the home's purchase price) in Earnest Money, showing sellers you are serious & highly qualified.β£ Earnest Money is also known as "good faith" money and due 1-3 days after your offer is accepted. Think of it as a down payment on your down payment.
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Come to the offer table pre-approved by a local, reputable lender & with a 20% down payment (at least!). Extra credit . . . just in case the home doesn't appraise for the offered price, have reserves available to "close the gap" allowing you to waive the appraisal.β£
Minimize your offer contingencies by doing your due diligence before making an offer, for example have a pre-inspection, allowing you to waive the inspection contingency. Sellers want as few barriers from offer to SOLD as possible. A savvy Realtor can offer strategies that will keep you safe & successful.
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Clean, timely, smartly written, beautifully presented offers will always be considered first!β£
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Lastly & this is important, your Realtor must have strong Realtor to Realtor relationships. Connections, reputation & trust go FAR in getting your offer accepted.β£
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Can this feel overwhelming? Sure! Scary, of course! Even scarier, NOT getting in the game & growing your potential to find your next dream. You can chase a deal OR the dream home & your realtor can help you with your strategy on how best to make it happen. Itβs all possible, so go get those financial ducks in order & letβs go (house) hunting! β£
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19 Easy, Exquisite Dinners You Can Make At Home
As I believe great food pairs well with those
financial-ducks-homework type of nights . . . don't you?
Whether it's a homemade glaze, or a sprinkle of fresh herbs, special ingredients make these fancy feasts stand above the rest. Bon appetit!
Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.