{"id":1581,"date":"2016-04-13T11:11:44","date_gmt":"2016-04-13T18:11:44","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=1581"},"modified":"2016-04-12T12:36:56","modified_gmt":"2016-04-12T19:36:56","slug":"4-things-to-know-about-house-hunting-in-a-hot-market","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2016\/04\/4-things-to-know-about-house-hunting-in-a-hot-market\/","title":{"rendered":"4 Things to Know About House Hunting in a Hot Market"},"content":{"rendered":"<p style=\"text-align: justify;\">This expert advice on house hunting in a hot market will help you in your search!<br \/>\nSince my husband and I were married in October of 2015, we\u2019ve decided to start looking into buying our first place. We\u2019ve been renting an apartment in Hoboken, NJ that we absolutely adore, but the truth is that space is becoming an issue \u2013 we\u2019re talking one closet here, people. It\u2019s serious!<\/p>\n<p style=\"text-align: justify;\">The thing about buying a place in Hoboken, though? It can be a really intense process. Hoboken is one of the hottest markets in the greater NY\/NJ area and prices are high &amp; inventory is low. That\u2019s why we\u2019re so grateful to be working with Josh Johnson from the Jill Biggs Group who has been guiding us with all of his best advice for house hunting in a hot market. I asked Josh to compile his top tips for others going through the same thing; here\u2019s what he had to say:<\/p>\n<p style=\"text-align: justify;\"><strong>Get Pre-Approved<\/strong><br \/>\nI tell my buyers their first step should always be to get pre-approved. This is an important first step for a few reasons :<br \/>\n1. You and your realtor will know what kind of budget you are working with.<br \/>\n2. You will find out if you are stretching your budget or perhaps you can afford more!<br \/>\n3. You should know how rising interest rates can affect your monthly payments and purchase price (compare present vs. future!)<br \/>\n4. You may learn how to save time and money by using funds from different types of bank accounts such as Roth IRAs or your 401k.<br \/>\n5. Some sellers will request a pre-approval to book a showing.<br \/>\n6. Lastly, you will need one on file to make an offer!<\/p>\n<p style=\"text-align: justify;\"><strong>Work Closely with Your Agent<\/strong><br \/>\nIn today\u2019s market there are so many buyers looking for a new home and a severe lack of inventory! By being the first to see a new listing (and hopefully get in the first offer), this gives you a leg up in that the seller will most likely come to you first with a counter offer or notification of a competing offer, so you will have more control when it comes to negotiation. Also, sometimes sellers are so happy to get a fast offer, they will accept right away and take it off the market (as long as it\u2019s a strong offer!) Make sure your realtor is sending you listings personally via text\/email and has you on an automatic listing alert system so you don\u2019t miss anything.<\/p>\n<p style=\"text-align: justify;\"><strong>Be Prepared for a Bidding War<\/strong><br \/>\nIn fact, be prepared for multiple bidding wars. In my market, almost every property is going into a highest and best situation. Most of my clients lose the first couple of times, just because they are getting a feel for the market and how it works, but as long as the buyer remains competitive and aggressive, they always end up with a property. My advice is to be decisive, expeditious, and listen to your realtor! Don\u2019t forget we do this every day. If you know and trust your realtor, they will guide you into making a smart decision to reach your ultimate goal of obtaining a property. Remember, not all realtors are the same \u2013 do your research and hire a professional!<\/p>\n<p style=\"text-align: justify;\"><strong>Do Your Homework<\/strong><br \/>\nIt\u2019s important to be working with an agent you can trust. If they are a referral from a family member or friend and have positive online reviews, that means they have experience and a solid history with their clients. There are multiple situations that may come up in your real estate transaction, and you will want someone to keep your stress levels low and your bank account high. Never do anything you are uncomfortable with. Also, make sure to go see properties that line up with your \u201ccheck-list\u201d. I recommend 3-5 at a time, and don\u2019t waste any time going to see something \u2018just to see it\u2019 \u2013 if you know a property won\u2019t match what you are looking for, it\u2019s not fair to waste your realtors\u2019 time and you don\u2019t want to drain yourself mentally by seeing too many properties. Best of luck!<\/p>\n<p><a href=\"http:\/\/blog.coldwellbanker.com\/4-things-know-house-hunting-hot-market\/\" target=\"_blank\">4 Things to Know About House Hunting in a Hot Market<\/a> by Alexandra Filiaci | Coldwell Banker Blue Matter<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This expert advice on house hunting in a hot market will help you in your search! Since my husband and I were married in October of 2015, we\u2019ve decided to &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2016\/04\/4-things-to-know-about-house-hunting-in-a-hot-market\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-1581","post","type-post","status-publish","format-standard","hentry","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>4 Things to Know About House Hunting in a Hot Market &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2016\/04\/4-things-to-know-about-house-hunting-in-a-hot-market\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"4 Things to Know About House Hunting in a Hot Market &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"This expert advice on house hunting in a hot market will help you in your search! Since my husband and I were married in October of 2015, we\u2019ve decided to &hellip; [read more]\" \/>\n<meta name=\"twitter:creator\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:site\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rory Clipsham\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2016\\\/04\\\/4-things-to-know-about-house-hunting-in-a-hot-market\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2016\\\/04\\\/4-things-to-know-about-house-hunting-in-a-hot-market\\\/\"},\"author\":{\"name\":\"Rory Clipsham\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"headline\":\"4 Things to Know About House Hunting in a Hot Market\",\"datePublished\":\"2016-04-13T18:11:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2016\\\/04\\\/4-things-to-know-about-house-hunting-in-a-hot-market\\\/\"},\"wordCount\":727,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"articleSection\":[\"Real Estate\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2016\\\/04\\\/4-things-to-know-about-house-hunting-in-a-hot-market\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2016\\\/04\\\/4-things-to-know-about-house-hunting-in-a-hot-market\\\/\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2016\\\/04\\\/4-things-to-know-about-house-hunting-in-a-hot-market\\\/\",\"name\":\"4 Things to Know About House Hunting in a Hot Market &#8226; Rory C Real Estate | Oakwyn Realty\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#website\"},\"datePublished\":\"2016-04-13T18:11:44+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2016\\\/04\\\/4-things-to-know-about-house-hunting-in-a-hot-market\\\/#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2016\\\/04\\\/4-things-to-know-about-house-hunting-in-a-hot-market\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2016\\\/04\\\/4-things-to-know-about-house-hunting-in-a-hot-market\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"4 Things to Know About House Hunting in a Hot Market\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/\",\"name\":\"Rory C Real Estate | Oakwyn Realty\",\"description\":\"Rory C Real Estate Updates | Home Selling &amp; Buying\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-CA\"},{\"@type\":[\"Person\",\"Organization\"],\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\",\"name\":\"Rory Clipsham\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\",\"contentUrl\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\",\"width\":504,\"height\":504,\"caption\":\"Rory Clipsham\"},\"logo\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\"},\"sameAs\":[\"http:\\\/\\\/www.roryc.ca\\\/\",\"https:\\\/\\\/www.facebook.com\\\/pg\\\/BurnabyandCoquitlamHomes\\\/about\\\/?ref=page_internal\",\"https:\\\/\\\/www.instagram.com\\\/roryclipshamhomes\\\/\",\"https:\\\/\\\/x.com\\\/RoryClipsham\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"4 Things to Know About House Hunting in a Hot Market &#8226; Rory C Real Estate | Oakwyn Realty","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.roryc.ca\/blog\/2016\/04\/4-things-to-know-about-house-hunting-in-a-hot-market\/","twitter_card":"summary_large_image","twitter_title":"4 Things to Know About House Hunting in a Hot Market &#8226; Rory C Real Estate | Oakwyn Realty","twitter_description":"This expert advice on house hunting in a hot market will help you in your search! Since my husband and I were married in October of 2015, we\u2019ve decided to &hellip; [read more]","twitter_creator":"@RoryClipsham","twitter_site":"@RoryClipsham","twitter_misc":{"Written by":"Rory Clipsham","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.roryc.ca\/blog\/2016\/04\/4-things-to-know-about-house-hunting-in-a-hot-market\/#article","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/2016\/04\/4-things-to-know-about-house-hunting-in-a-hot-market\/"},"author":{"name":"Rory Clipsham","@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"headline":"4 Things to Know About House Hunting in a Hot Market","datePublished":"2016-04-13T18:11:44+00:00","mainEntityOfPage":{"@id":"https:\/\/www.roryc.ca\/blog\/2016\/04\/4-things-to-know-about-house-hunting-in-a-hot-market\/"},"wordCount":727,"commentCount":0,"publisher":{"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"articleSection":["Real Estate"],"inLanguage":"en-CA","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.roryc.ca\/blog\/2016\/04\/4-things-to-know-about-house-hunting-in-a-hot-market\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.roryc.ca\/blog\/2016\/04\/4-things-to-know-about-house-hunting-in-a-hot-market\/","url":"https:\/\/www.roryc.ca\/blog\/2016\/04\/4-things-to-know-about-house-hunting-in-a-hot-market\/","name":"4 Things to Know About House Hunting in a Hot Market &#8226; Rory C Real Estate | Oakwyn Realty","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/#website"},"datePublished":"2016-04-13T18:11:44+00:00","breadcrumb":{"@id":"https:\/\/www.roryc.ca\/blog\/2016\/04\/4-things-to-know-about-house-hunting-in-a-hot-market\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.roryc.ca\/blog\/2016\/04\/4-things-to-know-about-house-hunting-in-a-hot-market\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.roryc.ca\/blog\/2016\/04\/4-things-to-know-about-house-hunting-in-a-hot-market\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.roryc.ca\/blog\/"},{"@type":"ListItem","position":2,"name":"4 Things to Know About House Hunting in a Hot Market"}]},{"@type":"WebSite","@id":"https:\/\/www.roryc.ca\/blog\/#website","url":"https:\/\/www.roryc.ca\/blog\/","name":"Rory C Real Estate | Oakwyn Realty","description":"Rory C Real Estate Updates | Home Selling &amp; Buying","publisher":{"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.roryc.ca\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-CA"},{"@type":["Person","Organization"],"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7","name":"Rory Clipsham","image":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg","url":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg","contentUrl":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg","width":504,"height":504,"caption":"Rory Clipsham"},"logo":{"@id":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg"},"sameAs":["http:\/\/www.roryc.ca\/","https:\/\/www.facebook.com\/pg\/BurnabyandCoquitlamHomes\/about\/?ref=page_internal","https:\/\/www.instagram.com\/roryclipshamhomes\/","https:\/\/x.com\/RoryClipsham"]}]}},"_links":{"self":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/1581","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/comments?post=1581"}],"version-history":[{"count":2,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/1581\/revisions"}],"predecessor-version":[{"id":1583,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/1581\/revisions\/1583"}],"wp:attachment":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/media?parent=1581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/categories?post=1581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/tags?post=1581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}