{"id":5886,"date":"2017-05-19T11:11:58","date_gmt":"2017-05-19T18:11:58","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=5886"},"modified":"2017-05-17T19:38:47","modified_gmt":"2017-05-18T02:38:47","slug":"tips-for-home-buyers-to-prevail-in-a-sellers-market","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2017\/05\/tips-for-home-buyers-to-prevail-in-a-sellers-market\/","title":{"rendered":"Tips for Home Buyers to Prevail in A Seller&#8217;s Market"},"content":{"rendered":"<p style=\"text-align: justify;\">With inventories tight across many markets, home buyers are facing increased competition as they fight to snap up the limited number of homes available.<\/p>\n<p style=\"text-align: justify;\">\u201cAttempting to purchase a house in this type of market can make the already complex process of buying a home even more overwhelming,\u201d the National Association of Realtors said in a recent release.<\/p>\n<p style=\"text-align: justify;\">As such, the NAR has come up with a number of suggestions for home buyers looking to navigate today\u2019s extremely competitive market :<\/p>\n<p style=\"text-align: justify;\"><strong>1. Create a budget and stick to it<\/strong><\/p>\n<p style=\"text-align: justify;\">Buyers should get pre-approved by one or more lenders to ensure no delays. In addition, budgeting also means taking into account the additional costs such as taxes, utilities and insurance. Buyers should be aware that when listings are scarce the possibility of a bidding war becomes much higher, which means they should be prepared to walk in the event the bidding exceeds their budget.<\/p>\n<p style=\"text-align: justify;\"><strong>2. Identify your wants versus needs<\/strong><\/p>\n<p style=\"text-align: justify;\">Wish lists might need to be compromised on if competition is too intense. For example, you might want a stainless appliance or hardwood flooring, but do you really need it? These can always be added later, the NAR points out.<\/p>\n<p style=\"text-align: justify;\">\u201cHowever, if a buyer wants to be in a specific school district or have a decent-sized backyard, those cannot be addressed later and must be taken into account during the house hunting process,\u201d the NAR said.<\/p>\n<p style=\"text-align: justify;\"><strong>3. Decide quickly<\/strong><\/p>\n<p style=\"text-align: justify;\">Properties rarely stay on the market for long when things are so competitive. As such, buyers need to learn not too hesitate if they find a house that suits their needs.<\/p>\n<p style=\"text-align: justify;\"><strong>4. Make sure your offer is competitive<\/strong><\/p>\n<p style=\"text-align: justify;\">In a seller\u2019s market a lowball offer just won\u2019t work, the NAR advises. As such buyers should go ahead and make their best offer right away or risk losing out. Still, the NAR warns that when multiple bidders are competing for the same property the highest bid may not always win, but says bids with fewer contingencies will surely be very attractive.<\/p>\n<p style=\"text-align: justify;\">\u201cRemoving restrictions related to the sale of a current home and being flexible with things like the move-in date can make a bid stand out to a seller,\u201d the NAR said.<\/p>\n<p style=\"text-align: justify;\"><strong>5. Use a realtor<\/strong><\/p>\n<p style=\"text-align: justify;\">The NAR also urges buyers to work with a real estate professional, as they are more likely to be familiar with suitable neighborhoods they\u2019re looking for.<\/p>\n<p><a href=\"http:\/\/realtybiznews.com\/tips-for-buyers-to-prevail-in-a-sellers-market\/98741509\/\" target=\"_blank\" rel=\"noopener noreferrer\">Tips for Home Buyers to Prevail in A Seller&#8217;s Market<\/a> by Mike Wheatley | Realty Biz News<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With inventories tight across many markets, home buyers are facing increased competition as they fight to snap up the limited number of homes available. \u201cAttempting to purchase a house in &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2017\/05\/tips-for-home-buyers-to-prevail-in-a-sellers-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-5886","post","type-post","status-publish","format-standard","hentry","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tips for Home Buyers to Prevail in A Seller&#039;s 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\/2017\/05\/tips-for-home-buyers-to-prevail-in-a-sellers-market\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Tips for Home Buyers to Prevail in A Seller&#039;s Market &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"With inventories tight across many markets, home buyers are facing increased competition as they fight to snap up the limited number of homes available. \u201cAttempting to purchase a house in &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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2017\\\/05\\\/tips-for-home-buyers-to-prevail-in-a-sellers-market\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2017\\\/05\\\/tips-for-home-buyers-to-prevail-in-a-sellers-market\\\/\"},\"author\":{\"name\":\"Rory Clipsham\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"headline\":\"Tips for Home Buyers to Prevail in A Seller&#8217;s Market\",\"datePublished\":\"2017-05-19T18:11:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2017\\\/05\\\/tips-for-home-buyers-to-prevail-in-a-sellers-market\\\/\"},\"wordCount\":424,\"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\\\/2017\\\/05\\\/tips-for-home-buyers-to-prevail-in-a-sellers-market\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2017\\\/05\\\/tips-for-home-buyers-to-prevail-in-a-sellers-market\\\/\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2017\\\/05\\\/tips-for-home-buyers-to-prevail-in-a-sellers-market\\\/\",\"name\":\"Tips for Home Buyers to Prevail in A Seller's Market &#8226; 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