The U.S. as a whole has been experiencing a seller’s market, especially because the COVID-19 pandemic pushed 65% of sellers to hit pause on listing their home, resulting in even lower inventory.
In a seller’s market, it can be hard for buyers to win a home — much less at a decent price, as home prices are expected to continue to rise. But, there are a few tactics that can help you get an offer in and have the best chance of having it be accepted by the seller.
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You’ve decided that you want to buy a home, but you may wonder when it’s the best time to buy. The short answer to this question is easy — when you can afford to. But, if you already know purchasing a home can fit into your budget, you may be able to get a better deal or have more homes to choose from depending on the market.
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You’ve already found the right real estate agent, gotten your home ready for sale, learned how to safely sell your home during COVID-19, learned how to sell your home in a seller’s market, learned how to choose the best offer on your home during, and negotiated with the buyer.
Now, it’s time to learn what you as the seller will be expected to pay in closing costs.
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You’ve already found the right real estate agent, learned how to safely sell your home during COVID-19, gotten your home ready for sale, and learned tips for selling your home in a seller’s market[1] . Now, it’s time to learn how to choose the best offer on your home.
In the current seller’s market, odds are, you’ll be faced with a bidding war. This is great news! It means you should have several offers on the table to choose from. You may be inclined to pick the buyer who offers the most money for your home, but the best offer isn’t always the highest bidder — it may be the one that best accommodates your situation.
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You’ve decided to put your home on the market and found the perfect real estate agent. Whether you found them through an online discount real estate brokerage or a local referral, now it’s time to prep your home for sale!
Although this process can seem a bit overwhelming at first, it’s important to step back and realize you won’t have the time or money to do everything — you may be in a time crunch and need to sell fast.
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