You don’t have to be a financial analyst to understand that we are in the midst of one of the greatest home seller’s markets, especially as you watch the home prices soar to unheard-of heights. If you are trying to sell your home, congratulations! You are destined to garner a healthy and much-needed amount of “pocket change” to put towards the purchase of another house! But what if you are in the market to buy your first home and you don’t have that bonus money sitting in a bank account waiting to be used? Do you give up the hope of being a homeowner, at least temporarily, while you wait for the market to level out again? (You know it will, it always does) Or do you follow these tips we at Smith Mountain Lake Properties have put together to help make home buying in a seller’s market a little easier? We vote for the latter, of course, and hope we can help make your homeownership journey smoother in interesting times!
Know your Limits
It’s easy to fall in love with the beauty of a home and can be even easier to lose out on a chance due to its expense. The best starting point for purchasing a new home is learning what price point is in your budget and that can be done by prequalifying. Prequalifying for a home loan allows you to avoid falling in love and then falling into despair when that four-bedroom home on Smith Mountain Lake turns out to be way out of your comfort zone!
Impress the Sellers
The easiest way to impress a seller is with a generous offer, of course, but if you are unable to go too high, a letter introducing yourself and telling all the reasons you want this home for your own is the latest way buyers are making themselves noticed. (Videos work too) Tell the buyer how you will love and cherish the property, how you pictured your future kids laughing as they played in the backyard or your mother living comfortably in the separate quarters on the property from your first steps inside and watch your offer be the one that was chosen!
Choose Smith Mountain Lake Properties for your Guide Through the Process!
This last item could have been placed anywhere on our list, but we felt it has more impact as a finishing one! Our agents are local, living, working, and playing here and we have the inside track to every home in the region! Give us a call today and let’s work together to make your homeowning dreams come true!