April showers bring May flowers, and a rush on the real estate market. Buyers are going to flock to the open houses and flood the market. Everyone knows that’s when to buy a new home, but is it actually the best time for you?
The spring market is going to be filled with educated, experienced buyers who have already scoped the area and are elbowing for position. In many communities, an over-supply of homes for sale with reduced prices, foreclosures, auction sales and sellers shopping for short sale buyers, all make it an opportune time not to procrastinate. We are finding that millenials are starting to join the market, so competition will be strong.
Now is the time to start. Check your credit. Pull your credit report before your lender does. Fix any issues and pay off what you can. Once your finances are in order, get pre-approval. You want to shop with money already in your pocket.
Learn about the local market. Find the areas you are interested in moving into, make a list of what your needs, and figure out your budget. This is also the time to find an agent who can help educate you on important real estate information. Even if this is not your first time buying, you need to find out what changes have occurred in regulations and current market conditions.
Follow these steps and you’ll be in a great place to get an incredible deal as soon as you find the right house. You’ll be in prime position to beat the rush in the spring market. For more tips and to get ready call Helen today at 847.967.0022 or email [email protected].