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29
How to Find the Right Home in a Competitive Season
Our real estate agents know that buyers want to time their entry into the market to reach their goals with minimal complications and setbacks. One of the most important ways to do that is to work with an experienced real estate agent. Being aware of prevailing market conditions can also help.
No matter what you're looking for, there's something here to meet your needs—from starter homes to multi-generational properties for large families. Despite the competitive market, you can reach your homeownership goals.
Even though many people are searching for homes right now, you shouldn't wait. Home prices are steady or going up, and reduced interest rates might not even be felt by the end of the year. The best thing to do is to take action without delay. When you take a few steps to prepare, you raise your chances of success.
Let's take a look at some of the best ways to find the right home, even in a competitive season:
- First, Find a Real Estate Agent
First and foremost, you'll want to have a good real estate agent on your side. Your real estate agent is your number-one ally throughout the process and will help you every step of the way. He or she will learn about your goals and assist you by finding listings that might meet your needs. Your agent may also facilitate tours, help you with negotiation, and advise you on all of the big decisions that could come up along the way to your purchase. - Get Prequalified for a Home Loan
When you're prequalified for a home loan, it means a lender has reviewed your finances and decided what financing you can qualify for. However, that decision only becomes a commitment once a home is found and you make a bid. By prequalifying early, you can cut weeks off the time it takes you to buy. You'll also be more competitive against other buyers, even those who come to the process with cash in hand. - Decide on Your Top Priorities
Remember, it's not all that important how competitive the market is—what matters is that you can find a home that's right for you. Depending on your needs, you might find you aren't really competing with many buyers, but knowing what you want is the key to acting fast. Everyone who'll be living in the home should contribute one to two "top priorities" and one deal-breaker so you can find listings fast. - Work Out a Home Budget
Once you are prequalified for a mortgage loan, you will have a good idea of how much home you can afford. But without your own budget in the mix, you still have an incomplete picture. With the help of a real estate agent, you can get up-to-date information on the costs that will come from moving to particular neighborhoods. Be sure to include utilities, commuting, and groceries to narrow your budget and search. - Schedule In Some Open Houses
One of the fastest ways to find a new home is to make time for open houses. Your real estate agent will gladly keep you in the loop on open houses that might help you find the ideal home. If you fall in love at an open house, you can make an offer right away.
Call today to find a Crye-Leike Real Estate Services agent to help you meet your goal of homeownership.
Crye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 2,800+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
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