If you ask ten housing experts about the latest news in housing…you’re likely to get eleven answers.
While some statistics can be easily verified, most statistics are used by the people sharing them to make a point. Or specifically…their point.
So what is an average person to do?
Understand YOUR goals.
Are you looking for income? Do you want to manage rentals or subcontract the management? Are you looking to upgrade? Are you looking to downsize? Each person’s goals in the Real Estate world are as unique as each person. Knowing where you want to be down the road must be clear as crystal.
Appreciate YOUR budget now… and in the future.
While today’s bills are right in your face, before you jump into a major Real Estate investment, make sure you have a good grasp on how you see your income changing. A good Real Estate partner will help you discern what is a wish…and what is wishful thinking.
Honestly asses YOUR skills and time availability.
Please note the word ‘honestly.’ Before you jump into a fixer-upper, you need to know if you are an HGTV, fix-it superstar or just someone who has good taste and an amazing ability to hire people. Either option can be the right option… or the wrong option. You just need to be sure you will have the skill, time and energy to finish the project.
Listen to YOUR timeline.
If you need to act quickly, you need to act quickly. But…if you have some time on your hands, you will be able to get the best properties at the best price. Having the right Real Estate partner is essential to figuring out when a property is priced to move.
Did you notice the capitalized word? Your.
The right Real Estate partner can make or break your purchase. Listening to the news, going to seminars, or talking with friends can all be good… but you want Real Estate purchases to be GREAT!
No other purchase can have a make-or-break impact of your life like a Real Estate purchase.
I have the experience and knowledge to ensure each purchase fits with each of your goals. While you may purchase Real Estate a few times in your lifetime, I walk through Real Estate purchases every week.
But be forewarned…they may not always tell you what you want to hear. A good Real Estate advisor should be there to tell you to ‘tap on the breaks’ or ‘step on the gas!’
Trends and statistics may be confusing to you, but for me, they are as common as a cup of coffee.
The bottom line is while trends may come and go, value never changes.
At Windermere, we believe if you can dream it, we can find it – Windermere supplies real estate brokers like me with the best team and tools to get you into that home you are dreaming of.
What are you waiting for?
Fill in the “contact us” form today or call me directly at 253-370-8928.
You may think that trying to buy when it’s a seller’s market is tough…and it can be. But that doesn’t mean its impossible. There are just a few points to keep in mind.
BE READY! Do all your research beforehand to know what you must have…and can live without. In a seller’s market, there can be a false sense of urgency that may lead you to make a decision based on fear and not facts. Get your emotions lined up with your most important features and be willing to pass if those aren’t met. Yes, you may have to decide quickly, but you don’t want an emotional decision to be the wrong decision.
- Have your paperwork ready.
The more information you have at hand, the more you will be ready to make the decision quickly. Have your proof of funds and any mortgage pre-approval documents all accessible to show any offer you make is legitimate.
- Be aggressive…ish.
The sad part is in a seller’s market you can’t play hardball. But you don’t want to lay down. Your budget must still be held tight, but don’t be afraid to ask for what you need. This is one of those moments getting an experienced realtor like me on your team. We handle transactions like this weekly and are able to let you know when a deal is good…versus great…versus AWESOME!
- Don’t be contingent heavy.
Leaving ‘what-ifs’ is risky, but you may need to, to ensure your offer is accepted. Again, these kinds of issues are the ones realtors like me deal with regularly. We will be able to help you discern if a contingency is a deal-breaker or not.
- Search near and far.
Flexibility is key in a seller’s market. You may need to broaden your search a little further away from your target neighborhood. A seller’s market makes everyone compromise a little bit more. That doesn’t mean you shouldn’t try…it just means that those who keep their focus on the most important features will still be successful.
I hope this has helped! Seller’s markets create new challenges that require new mindsets. I would certainly love to help you find your next home! The nature of the real estate market is always changing. Good advice is timeless.
Let me know how I can help.
Real Estate Broker
Windermere Real Estate