What To Do In A Seller's Market

Pinellas County, Tampa Bay, and even most of the country are seeing low mortgage rates, low inventory of homes, and surging buyer demand. This is the recipe for a strong seller's market. Many home buyers are discouraged and feel stuck. If they sell their current home, can they afford to buy during this market and are there even enough options to choose from? With some strategic planning, purchasing your dream home is still, very much, possible. Follow these buying tips and you will win, even in a sellers market.

1. Get pre-approved for a mortgage. In a market such as this, getting pre-approved is a must-have for buyers. Getting pre-approved helps you determined a realistic budget and gives sellers confidence to take the next step on your offer.

2. Be ready to make fast-paced decisions. If you are clear on your home budget as well as home-improvement budget, this will allow you to search for homes and make swift offers without the need to "sleep on it".

3. Know your “non-negotiables” and also the areas you are willing to compromise. Paying for something that will add to your quality of life is a much easier pill to swallow when it comes time to pay the mortgage.

For more specific strategies and recommendations to help you get the most money out of your real estate ventures, Call today to discuss your individual needs (727)420-3234.

Source: Nerdwallet.com