Encinitas Realtor Linda Moore provides tips on how to buy Encinitas real estate in a seller’s market.
A “seller’s market” is defined by the fact that there are more buyers looking for homes than there are homes on the market. Low supply and inventory currently means that demand is high, especially with lowered prices and interest rates.
Due to the increased competition that you will face in the market it is important that you get prepared for making the strongest offer possible. Here is how you can make the best offer possible.
- Secure a Loan – Secure pre-approval on a home loan before you even start seriously looking for homes; it will save you crucial time in placing an offer and make your offer stronger and more serious to the buyer.
- Focus Your Search – Find an area that you truly want to live in and start narrowing your search from there. While your ideal home may not currently be available it could come on the market at any time in the next week or month. While you may have to compromise in certain areas when buying a pre-existing home, find where you will draw those lines and where you do not want to compromise.
- Encinitas Real Estate Agent – An Encinitas real estate agent will help you narrow your search, find properties, and guide you through the entire process of your home purchase.
- Be Aggressive – In a seller’s market you will need to be a bit aggressive in your offers. A real estate agent in Encinitas will help you put together the most attractive offer and present it to the listing agent.
Follow these steps and you will have the best chance of securing your ideal home in Encinitas.