It’s no secret it is a seller’s market in Atlanta right now. Homes are flying off the market and buyers can start to feel discouraged about finding their new home. It is still very possible to successfully buy a house in a seller’s market with these 5 tips!
1. Have Your Finances in Order
First thing on your home search checklist should be to make sure you know where you stand financially. Know what you’re able to afford to make sure you’re not getting in over your head to buy a house. Also getting preapproved for your a mortgage is highly recommended- this shows the seller you’re serious and ready, not just browsing around. It will also speed up the entire process once your offer is accepted, making it even more appealing to the sellers. For trusted lender references contact us at firstname.lastname@example.org or give us a call at 404-419-3654.
2. Do Your Homework
Research the neighborhoods and know exactly what you’re looking for in your future home. In a seller’s market homes fly off the market fast so don’t waste your time looking at homes that don’t fit your needs Find out which neighborhood are the best location for your lifestyle and budget, and be realistic. Maybe a long commute is out of the question but you’re willing to give up and little space to live closer; or maybe more bedrooms and a large yard is a must-have for your growing family. Figure out where you are able to compromise and where you can’t.
3. Don’t Always Judge By the Photos
Almost everyone searches online before even stepping foot inside a home, so the first impressions are most likely coming from the online photos. While photos can show a lot about the home’s features and layout, they don’t always do the property justice. Be open minded and view all of your options.
4. Go In with Your Best Offer
A seller’s market means there are not as many homes on the market as there are buyers so once you’ve found “the one” it’s time to act fast! Don’t waste time coming in too low with your offer attempting to get a good deal. Sellers know it’s a competitive time and they won’t be willing to compromise too much on price if the list price is according to market value. Discuss the market with your realtor and go put your best offer forward to buy a house.
5. Add a Personal Touch
It is likely in a seller’s market there will be multiple offers on a house, some of which could be almost the same as your offer. This is when it’s time to add a personal touch to differentiate yourself from the other buyers. Write a personal note to the seller introducing yourself- let them know why you fell in love with their home and what it will mean to you and your family. Maybe you’re expecting and can envision your new baby enjoying the yard and strolling them around the neighborhood. Those little personal touches will make the seller connect with you beyond just the offer.
Ready to buy a house in Atlanta?
Our team at The Wieloch Group will help you through every step of the way to ensure you’re making a wise investment. We also have access to homes that aren’t even listed yet which is a huge upper hand when house hunting in a seller’s market. Set up a risk-free consultation with us today! Shoot us an email at email@example.com or give us a call at 404-419-3654.