We are in MULTIPLE OFFER SITUATIONS, REPEAT, MUL-TI-PLE OF-FER SIT-U-A-TIONS...so if you see it, and you like it, make an offer! In these times, if you snooze, you loose...literally. Too many people are losing out on homes within hours. Have your REALTOR give you the past sales in the area and make a decision! The time for window shopping has ended. What is happening?!?!?
I will tell you...GROWTH is happening...new construction is improving and home buyers who were disqualified last year, are qualified this year. Those who foreclosed back in 2009 are back in the market. Those who have new careers have entered the market. Those who thought is was not possible with their salary have entered the market for the deals. Baby boomers are moving to Florida, and investors are having a field day, too. It's Spring 2014 is black friday for home sales!!!
So what do you need to do to take advantage of these low rates and awesome deals?? Have some money saved. Did you know that you need EARNEST MONEY to make your offer look a bit more attractive? This amount depends the conditions of your purchase. Let your REALTOR give you some insight on this. In addition, you will need money for inspections and possibly closing. Most importantly, know your credit standing...when the lender looks at your scores will their loan be "in good hands," or will they run away screaming?
Before you make that panic to your REALTOR requesting to see 25 houses in the next 24 hours, call a lender. Get pre-qualified and get in the game...see you at the finish line! I will be there to cheer you on!
