Hurtles to jump through when you are buying in a Seller’s Market!

If you have started your home search online, you are probably aware that the housing market in the Phoenix Metro area is booming.  The low inventory and the demand for homes has pushed the prices up and has led to multiple offer situations.

Make your best offer as the seller is most likely going to go with the highest offer that yields them the most money in their pocket for their home.

Make sure you have a Pre-Qualification and that the lender has all of your financial information.

Today’s buyers are competing with all cash offers, as a seller this may be better than a higher offer as many cash buyers will not do an appraisal or will not make the offer contingent on the appraisal.

There are times that a personal letter to the seller (submitted with your offer) about your situation and family might be just what is needed to pull at the heart strings of the seller.

Make sure to choose a local Realtor to represent you and educate you through the process.  This will help make sure that you are advised properly in the offer price you should make.  In most cases it  does not make sense to pay over appraised value and could affect you in the future.

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