In my previous post, I noted that having a pre-qualification is one of the important steps to take when looking for a new home. This has always been true of course, but in our current market
The Four Important Steps Every Buyer Needs to Take!
Dated: February 24 2021
It’s not exactly “Breaking News” that we are experiencing a Seller’s Market in Real Estate here on Florida’s Suncoast! With more people wanting to come to Florida, and more people who are already here wanting to stay, the number of homes on the market is far below normal, and the high demand for those homes has made for some challenging situations. This means that buyers need to be prepared as they begin their home search, not only to assure success in finding that special home, but success in getting that special home in a competitive market.
Here are four important steps that every buyer needs to take before starting their home search:
1) Before you even begin looking, whether online (using sites like Zillow.com, Realtor.com or FindYourSuncoastHome.com), or using the "old school" method of driving around your desired location in search of open houses or yard signs, contact a local Realtor and discuss with them what you are looking for and your budget for purchasing a home. For the buyer, a Realtor costs nothing and can save you valuable time and effort by focusing on and pointing you to homes currently on the market that fit your needs and budget!
2) Obtain a pre-qualification letter from a local lender if you plan on financing your home purchase. In the current market situation, most seller's will not even consider an offer unless accompanied by a pre-qualification letter. If you are intending to pay cash you will need a "Proof of Funds" letter from your bank or financial institution for the same reason. Your Realtor will be able to assist you with this process if you don't have a lender ... yet another reason to begin with Step #1!
3) Consider what you need in a new home and what you want in a new home. Very few homes will have EVERYTHING you are looking for at the price you are hoping to pay, but it is very possible to find a home with most of the important boxes "checked". Holding out to find that Perfect Dream Home may cause you to pass over some great options and find yourself in a situation where you wish you had placed an offer on a home that is now pending or sold.
4) Finally, take a deep breath and begin your search! We would be happy to be your Realtors and help you FIND YOUR SUNCOAST HOME, just click here and let us know what or where you are thinking of for your new home and we will contact you as soon as possible. If you are looking outside our service area, we can even help you find a Realtor elsewhere!
The current market may be challenging for Buyers, but with some good advice and a plan it can still go smoothly!
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It’s not exactly “Breaking News” that we are experiencing a Seller’s Market in Real Estate here on Florida’s Suncoast! With more people wanting to come to Florida, and