How High Homebuyers Need to Go to Win

Here’s what homebuyers need to know about competing in today’s market.

I think it’s pretty safe to say that the asking price is the starting price in today’s market. With such low inventory and such high demand, prices keep going up and show no signs of stopping.

If you’re a homebuyer in this market, It’s very important to understand your budget and what you’re comfortable with paying. There’s always someone out there who’s willing to do more, but it’s all about what your comfort level is. Price isn’t the only thing that matters. There are certain terms that the sellers want to see, and if you can include those, you have a much better chance of winning.

It’s no secret that appraisal issues happen in a market like this. Appraisers can’t quite keep up with how fast prices are rising. Although they’re looking at past comps, homes will only appraise for so much in the current market. If a home doesn’t appraise, you have to consider how much money you’ll bring to the table to get a deal done.

There’s no right or wrong answer here, it’s all based on your situation. We’re going to have to ask you some pretty tough questions, and if you answer them honestly, we’ll be able to help you succeed no matter what your goals are.

“It’s our goal to educate, inform, and guide you.”

Your long-term goals play a big factor. It’s not a huge deal to go up in price if you plan on staying in the home for a while. If there’s a chance you might not be there long, you just don’t have enough wiggle room.

At the end of the day, it’s our goal to educate, inform, and guide you toward the right decision for your situation. We’re here to help you make the right choice for you, not for us.

If you have any questions for us about buying or selling a home, don’t hesitate to reach out via phone or email. We look forward to hearing from you soon.