Ask an Encinitas Realtor – Purchasing Real Estate in Encinitas in Low-Inventory Market

You should expect more out of an Encinitas Realtor than just someone who will list your home for sale in Encinitas; an Encinitas Realtor should be knowledgeable and experienced, and be your trusted guide on the process to buying or selling a home.

For over 20 years I have had the pleasure of serving as a trusted guide for buyers and sellers, helping them through the often confusing process of buying and selling real estate in Encinitas. In that time I have encountered a great number of questions about the process of purchasing a home.

This article is dedicated to answering one of the questions I am most commonly asked in the current market. If you have a question you would like to ask of an Encinitas real estate agent send a message to askanencinitasrealtor@lindasellsmoore.com.

How Do I Improve My Chances of Purchasing a Home in a Low-Inventory Market?

With low inventory in many real estate markets, buyers are finding it difficult to get their offers accepted due to high competition. Some common methods that can be implemented to make your purchasing offer more attractive to sellers include:

  • Limiting Contingencies – While it may be necessary to include some contingencies for your protection (such as an appraisal contingency or inspection contingency), a contract that is rife with contingencies is often perceived as risk by the seller. A clean contract that is free of contingencies is far more attractive to a seller, so do your best to limit contingencies in the contract, but don’t feel pressured to remove all of them if you will feel uncomfortable about your purchase.
  • Include Financing Verification – Letting the seller know that you are serious about your offer can be achieved by providing the proper paperwork to show that you have been preapproved for financing by a lender and that you have the money for a down payment. Including a statement from your bank that verifies you possess the money necessary for a down payment is also critical if it is not included in your financing statement.

Keep checking back for more frequently asked questions about real estate in Encinitas.

By Linda Moore

 

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