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Buying a Home? These Tips Will Help You Succeed in Today’s Market

Friday, February 25, 2022   /   by Joe Johnson

Buying a Home? These Tips Will Help You Succeed in Today’s Market


Between rising prices, heated competition, and historically low inventory, there’s no denying that it’s been challenging for buyers to navigate today’s market.

But just because today’s market is challenging for buyers doesn’t mean it’s impossible; you just need the right strategy for success.

So what, exactly, is that strategy? A recent article from realtor.com outlined the key tips homebuyers need to know in order to succeed in today’s scorching hot real estate market, including:

 

·         Shop for homes below your budget. In today’s market, homes are often selling for significantly higher than their asking price—so if you look at homes at the top of your price range, chances are, you won’t be able to compete in a bidding war. Instead, look for homes below what you can afford; then, if you end up in a bidding war, you have some wiggle room to make a competitive offer—which can increase your chances of success.

·         Act fast. Buying a home is a big decision—so it makes sense that you’d want to take your time in deciding whether to put in an offer on a home. But if you find a property you love, in today’s market, you’re going to want to act fast. Homes are selling extremely quickly—so taking too much time might make you lose out on your dream home. Bottom line? You don’t want to rush and make an offer on a home you don’t love—but if you find something you want to buy, work with your agent to make an offer as soon as possible.

·         Be patient. In today’s market, bidding wars are the norm. That means, as a buyer, your first offer may not result in a successful home purchase. But be patient! Your home is out there; you may just have to go through the process a few times before you find the right home at the right time with the right offer.

Thinking about buying a new home? The Reiner Realty Team can help. Give us a call today at 540-494-9284 or chick HERE.

Reiner Realty Group, Realtors with Lichtenstein Rowan
Rene Reiner
3621 Manassas Drive
Roanoke, VA 24018
540-793-4095
Joel Balsley
NMLS#210455
Licensed in VA
Office #: 540-278-1430
Mobile #: 540-597-8877
joelbalsley@atlanticbay.com


Featured real estate company is not a mortgage lender and so you should contact Atlantic Bay Mortgage Group, L.L.C. directly to learn about its products and your eligibility for such products. The featured lender has an affiliated business relationship with the featured real estate agent. You are under no obligation to use the featured lender for financing. All loans subject to income verification, credit approval and property appraisal. Not a commitment to lend. Atlantic Bay Mortgage Group, L.L.C. NMLS #72043 (nmlsconsumeraccess.org) is an Equal Opportunity Lender. Located at 600 Lynnhaven Parkway Suite 203 Virginia Beach, VA 23452.
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