With so much competition for the available homes right now, you really need every edge you can get. You have to make sure that you take advantage of everything you can do. Once you’ve gotten pre-approved, you’re just getting started with buying the house. Here are a few tips that we’ve found while talking to realtors, buyers, and sellers to help you buy your dream home.
Look Sharp. When you show up for the open house, or to meet with the seller, or to talk to your realtor, dress appropriately. It’s not a deal-breaker to show up in sweatpants or flip-flops, and you don’t have to wear a tuxedo or a ball gown.
You should look like someone serious about buying a house. (Unless you’re paying above asking in cash. Then wear what you want, and you probably don’t need this guide.) Looking ready to buy makes you a serious buyer, especially if you have a pre-approval letter in hand.
Know How Urgent the Market Is. This is not a slow real estate market. With super low interest rates and low housing inventory, you need to make sure that you get your offer in quickly. People often underestimate the market for a home, and don’t get their offer in in time. This isn’t a game of hard-to-get. This is a race to get your home.
When you know the price and value that you want to spend for your home, make that offer that day. Think of the housing market like an Amazon Gold Box sale. You wait, you miss it.
Make Your Own Decision. Too many voices can lead to losing a house. It’s fine to bring your parents or people you trust to an open house. Just don’t take their opinions as gospel. You are buying this house, not them. If you fall in love with vaulted ceilings and can live with small closets, then buy it.
You’re living there. Not your parents. Not your friends. Buy a home that has what’s important to you, not what everyone else says you should buy.
Mortgage rates are at historic lows, right now. This is the most opportune time for you to get a refinance or buy a new home. Take advantage of lower mortgage rates to refinance and save money.
Call us in St. Louis at (314) 781-9700, Chicago at (773) 770-4727, Indianapolis at (317) 550-1515 or Nashville at (615) 810-8555. You can always apply online at www.thehomeloanexpert.com, and we’re also open on Saturdays to better serve you. Don’t forget to follow @TheHomeLoanEx on Twitter for breaking mortgage news and knowledge. Nobody gets lower rates on better loans than The Home Loan Expert, Ryan Kelley, why go anywhere else?