Strategies to help you successfully buy your dream home in today’s market.

What does it take to buy a home in today's fast-paced real estate market? With fewer homes for sale and increasing competition, it's crucial to understand how to win.

First, you must have a comprehensive understanding of the real estate market in your area of interest. You need to know if the inventory is tight and competition is fierce. The best way to get this knowledge is by consulting a real estate agent who's familiar with your desired market.

The second step is to get fully preapproved. Unlike getting an estimate over the phone, being fully preapproved means you've gone through a loan application and underwriting. This process provides a high degree of certainty that your financing will be in place when you decide to buy.

“It's essential to understand the market before you begin your home-search process.”

Thirdly, you need a proactive strategy to find new listings. It’s imperative to have a reliable source for searching online to see new listings as soon as they hit the market. My team and I have developed a product system that will give you real-time access to the newest listings. We will work as a team to proactively search for new listings that match your criteria and ensure you can view these homes as quickly as possible.

Understanding the current market trends is also crucial. Today’s market has multiple-offer situations, appraisal gaps, escalation clauses, and as-is offers where buyers agree not to ask for repairs. It's essential to understand these components before you begin your home-search process.

I recommend setting up a strategy session where I can thoroughly explain these aspects to ensure that you're comfortable with the process of buying a home in today's market. To get started, simply click here to fill out a form for a strategy session. There's no obligation, and I'd love to help you get started on the right foot. If you need any assistance, feel free to call or email me anytime. I look forward to talking with you soon.

 

                                               Questions about selling your house?

                           Contact The Lowry Team today! Call or text 513-586-6900

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