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Buying a Home in Today's Market

Tuesday, June 1, 2021   /   by Mitch Stein

Buying a Home in Today's Market

Today's housing market is very competitive. As a potential home buyer, you can increase the odds of being the winning bidder on the home of your dreams with these important tips.
 
Get pre-approved, NOT pre-qualified. Pre-approval confirms that you are able to secure a loan for that amount based on your verified credit, income, and assets. Your lender will provide you with a pre-approval letter that you should include in any offer that you make.
 
Know the market by researching properties currently for sale, as well as properties that have recently sold. A realtor can help you understand the current market conditions.
 
Make a well priced offer. Don't low ball! Keep in mind that while price is always a factor, the highest offer doesn't always win. The fewer contingencies that you place on the offer the better as clean offers are more appealing to sellers. To keep your offer clean, don't add in a bunch of stipulations or special requests.
 
Follow these simple guidelines and you will be presenting the strongest offer you can.
 
If you have any questions relating to buying or selling a home, please give us a call at 909-255-1070.

Mitchell Stein License# 0208163
Stein Team Realty - Keller Williams College Park
Mitchell Stein Dre# 02081632
2440 W Arrow Route #5C
Upland, CA 91786
310-770-4121
DRE# 01885348

Based on information from California Regional Multiple Listing Service, Inc. as of May 22, 2022. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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