Here are my five tips for buying in a fierce seller’s market like ours.

It’s no secret that our market is hot right now and favors sellers. How can you compete as a buyer when homes are selling quickly for top dollar? Keep these five M’s in mind:

Meet: Meet with a real estate professional to discuss your plans and truly understand the process of buying a home in today’s market. Pick an agent who isn’t just selling homes today, but who also has a proven track record of helping clients in any kind of market. For example, we at The Wolek Group have been in this industry for 20+ years combined, so we have the systems, tools, and technology in place to ensure a smooth transition for you and your family.

Motivation and Mindset: Pinpoint the ‘why’ behind wanting to make a move, and understand that it may not be easy. Buying a home can be one of the most exciting times of your life, but it can also be stressful and overwhelming. Be honest with yourself about having a true desire to make a move and know that it may be competitive, depending on your price point or desired location.

Money/Mortgage: How are you going to purchase your home? Cash offers are actually very common in tight real estate markets, meaning that sometimes they may win in multiple-offer situations, since there will not be an appraisal or any lender delays. However, most buyers do obtain a mortgage, so you want to be sure to start that process now so you are confident in your ability to purchase and have a letter to prove it to a seller.

Move safely through the process: All throughout the real estate transaction, we have implemented a step-by-step guide to assist you:

1. First we’ll meet either via Zoom, FaceTime, or in person—you pick your comfort level.

2. Then we’ll look at houses, which may be through virtual walking tours/open houses, or in person with masks and distancing.

3. We’ll help you write a contract with an electronic signature system.

4. You’ll order inspections, which you may or may not attend; inspectors will be wearing masks, and some will even record a video report for you.

5. Finally, you’ll attend closing. Title companies have created a mostly ‘contact-free’ process for attending closings and signing the paperwork for your new home.

“Start your pre-approval process as soon as possible.”

Make memories: Welcome HOME! Now it’s time to celebrate and move into your new home!

If you’d like to learn more about how we can help you with each of the five M’s, please reach out!