With the changes over the past two years in the real estate market, planning your home search has become even more important. Now, homes that come on the market are often under contract within a few days. And the Cedar Creek Lake area is certainly not immune to the market surges. You know how it goes. You put in an offer on the perfect home, only to find out there are three other offers. The seller takes a different offer and your home search drags on. Buying a home in a competitive market can seem like an overwhelming process, but it doesn't have to be. With a knowledgeable realtor and some planning, you can get the ideal property without first losing out on the perfect home. Follow these expert tips below to ease your search process.
Hire a realtor who is an expert in the specific area. I’ve covered all the reasons that hiring a local realtor is so important in another blog post, which you can read here. A local realtor will be able to assist you in the process of buying your home and will be knowledgeable about services and amenities in the area. From choosing a title office to dealing with utilities, a local realtor will have the right contacts and resources to guide you through the search process and transaction. This is especially important in areas like Cedar Creek Lake, where finding waterfront property is best done by a realtor who knows the area well.
Plan your day trip to the area with your realtor. Discuss with your realtor the most important criteria and let them know which properties you have your eye on. Property showing schedules are busy, but if planned in advance, you as a buyer can see more properties that meet your criteria. Keep in mind that many properties are showing several times each day, so it's best to reserve your time in advance. What is important here is to plan out which homes you would like to see most so that you can make the best use of your time.
Make sure you have a pre-approval letter or proof of funds letter on hand before viewing properties. Because so many properties receive multiple offers, we don’t want anything to prevent you from landing the perfect home. Having a pre-approval letter ready to go will bolster any offers you make, and increase the chance that your offer will be the one chosen.
With these three simple steps, the process of buying a home in a highly competitive market becomes a much more efficient process. Happy house hunting!
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