Sarah ODonnell
Sarah ODonnell
Sales Associate, ASP

Home Search

Moving In Today's Market

The real estate market has improved and rates are still low.  What does this mean to you as a home owner who is thinking of making a move?

  1. You can buy MORE home for less with a lower interest rate. It is the perfect time to UPGRADE!
  2. There are fewer homes available on the market.  This will help you get a premium price in a shorter time frame. But you will need to have a plan if you must sell your current home in order to purchase the next one. Are you open to a short term rental? Have you thought about renting a POD so you can stay with family or in a furnished apartment for 1-3 months while looking for your next home? We can talk about this!
  3. Most sellers will not accept a "first right offer". Sellers don't want to take the risk of waiting for a buyer to put their home on the market and get an accepted offer. They fear that they will miss out on THE buyer if they accept a "first right offer". So the chances of finding your next home...

Top Mistakes Buyers Make

1. Making an offer without being prequalified.  It is even better to be preapproved!  A preapproval will put you forward as a qualified buyer, giving you a better chance to reach an accepted offer with the seller.  Take the time to speak with a lender.  Their specific questions about income, debt, savings, etc will help determine a price range you can afford.  Your credit will also help determine what loans you are elligible and there are some homes that cannot qualify for certain programs.

2. Limiting your search to Open Houses, ads and Internet Searches.  Many homes listed on the Internet and in magazines have already sold or have accepted offers.  It is in your best interest to contact a Realtor.  They have up-to-date information and details that may not be available to the general public.  They are the best source to help you find the home you want!

3. Choosing a Realtor who is not committed to forming a strong business relationship with you.  Making a connection with the right Realtor is crucial.  Choose a professional who is dedicated to serving your needs.  Choose a Realtor that is in the business FULL-time.

4. Not considering long term needs.  Generally speaking, when purchasing a home, it is better financially to plan on living there for a minimum of 3 years.  It is important to look ahead 3-5 years to think if it will suit your needs at that time.  And if you are transient and don't see yourself staying somewhere for more than 2 years, it might not even be in your best interest to purchase a home.  And don't forget to consider resale potential of the home!

5. Not following...