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| Shannon Jones | Buying a Home? | Selling a Home? | Local Information |
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Buyer's Handouts
Tips on Buying in a Tight Market
Increase your chances of getting your dream house instead of losing it to another buyer, with these easy steps.
Get prequalified for a mortgage. You’ll be able to make a firm commitment
to buy and make your offer more desirable to the seller.
Stay in close touch with your real estate sales associate to find out first
about new listings that come on the market. And be ready to go see a house
as soon as it goes on the market.
Scout out new listings yourself. Look at Internet sites, newspaper ads,
and drive by the neighborhood frequently. Maybe you’ll see a brand-new
“for sale” sign before anyone else.
Be ready to make a decision. Spend lots of time in advance deciding what
you must have so you won’t be unsure when you have the chance to make
an offer.
Bid competitively. You may not want to start out offering the absolute
highest price you can afford, but don’t try to go too low to get a deal.
In a tight market, you’ll lose out.
Keep contingencies to a minimum. Restrictions such as needing to sell your
home before you move or wanting to delay the closing until a certain date
can make your offer unappealing. In a tight market, you’ll probably
be able to sell your house rapidly. Or talk to your lender about getting a
bridge loan to cover both mortgages for a short period.
Don’t get caught in a buying frenzy. Just because there’s competition doesn’t mean you should just buy anything. And even though you want to make your offer attractive, don’t neglect inspections that help ensure that your house is sound.
Copyright 2005. All rights reserved.
The Shannon Jones Team
6621 E. Pacific Coast Hwy.,
Suite 150
Long Beach, CA 90803
P: 562-961-1415 •
F: 562-961-1465
DRE #01247705
The Shannon Jones Team specializes your real estate needs! If you're buying or selling real estate in the Long Beach, Seal Beach, Signal Beach or Lakewood California areas in Orange County, contact The Shannon Jones Team at 562-961-1415 for outstanding service and phenomenal results.
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