How to Get a Leg Up on the Homebuying Competition

by Chris Bohr 10/20/2019

If you are in hot pursuit of your dream home, it is important to do everything you can to gain a leg up on the competition. That way, you can acquire your ideal residence as quickly as possible.

Now, let's take a look at three tips to help you gain a competitive advantage over your homebuying rivals.

1. Keep Track of the Local Housing Market

The top houses sell immediately, and as such, you may need to act fast to find and purchase your dream residence. If you keep track of the local housing market, however, you will be better equipped than other buyers to instantly acquire a house that suits you perfectly.

Monitor the housing market in cities and towns where you want to reside. Then, if you find a house you may want to buy, don't hesitate to set up a showing. And if you like what you see, you should submit a competitive offer to purchase this residence.

2. Get Your Finances in Order

Entering the housing market with pre-approval for a mortgage usually is a good idea. Because if you know how much you can spend on a residence, you can tailor your house search accordingly.

To get pre-approved for a mortgage, you should meet with a variety of banks and credit unions. Find out what mortgage options are available, and learn how different types of home financing work. Next, you can select a mortgage that enables you to begin your house search with a budget in hand.

Of course, if you have any concerns or questions about home financing, you should address them right away. If you speak with mortgage specialists at a bank or credit union, you can get the insights you need to make an informed mortgage selection.

3. Employ a Real Estate Agent

A real estate agent is a difference-maker, particularly for a homebuyer who is shopping for a residence in a fierce housing market. Typically, a real estate agent will work with a buyer to craft an in-depth property buying strategy. A real estate agent and homebuyer then will work together to put this plan into action and streamline the property buying journey.

In addition, a real estate agent offers guidance at each stage of the homebuying cycle. He or she first will help you hone your home search to a select group of cities and towns. A real estate agent next will keep you informed about houses that become available that match your homebuying criteria. If you find a house you want to purchase, a real estate agent will help you submit an aggressive property buying proposal. And if your offer to buy a home is accepted, a real estate agent will make it simple for you to finalize your house purchase.

As you get ready to pursue your dream residence, you should devote plenty of time and resources to prepare. Thanks to the aforementioned tips, you can prep for the homebuying journey, gain a competitive advantage over rival buyers and accelerate your house search.

About the Author
Author

Chris Bohr

Hello, My name is Chris Bohr, I’m a lifelong resident of the Tampa Bay Area, married to a wonderful woman, Michelle “Missy” Bohr and we have a two year old son who is the apple of my eye. I’m a graduate of Countryside High School in Clearwater, Florida, a Graduate of the University of Central Florida, and an active Realtor and Auctioneer. You are looking for someone to help you to either buy or sell a home, liquidate the contents of a home, or perhaps do it all. I can help! …and I want too. As a member of this great community I’ve seen quite a few changes around these parts and can help guide you through the mazes of the Real Estate World. In addition to the various licenses I’m also a proud member of the Upper Tampa Bay Chamber of Commerce, the Pinellas Realtor Organization, Florida Association of Realtors, National Association of Realtors, won several business awards and was even named the honorary Mayor of Palm Harbor many years ago. Our approach to helping you sell your home starts with a global reach to find those buyers who may be sitting in a cold basement somewhere just looking for a reason to come down to the beautiful sunshine state and stop shoveling snow. In addition to the global reach, I also include the local, “Hey look at me” method of marketing by making your home visible to more potential buyers than most properties on the market today. If you are looking to buy a home, I understand it can be very intimidating, I take the pains away and remind you that buying a home should be fun and if you put the right person on the job I can promise to do my best to walk you through the hurdles of home buying. My approach is founded on experience, of course the experience of buying and selling houses, but also going through the processes myself and recalling the times when it was the most nerve racking. I keep you informed, I answer my phone, and I actually check emails and respond in a professional and courteous manner…I guess you could call that the Golden Rule. What sets me apart from other Realtors is the ability to handle not only your purchase or sale, but also having the ability to liquidate the contents, or lighten your load in regards to contents through our licensed and reputable Estate Sale and Auction Company. I love it here in the Tampa Bay area, and you will too. Drop me a line or give me a call, and let’s get the ball rolling toward your next move! Remember, Bohr Sells Homes, in fact that’s my website. www.BohrSellsHomes.com Thank you, Chris