Since the stock market crash and economic recession of 2008 are behind us now, the housing market has come back rather nicely – and in some areas of the country, the real estate market is becoming very fast paced, with homes being sold within just a matter of hours, instead of weeks or months.
If you are in the process of looking for your next home, a quickly moving real estate market can make it somewhat more challenging. But, by having a strategy in place, you can be more apt to find, and secure, the new abode that you’ve been dreaming of.
For example, by setting up property alerts on various real estate websites, your specific search criteria can be saved, and whenever a home becomes available that meets all (or even most) of your desired parameters, you will receive an email alert. When going this route, it is important to ensure that you go with sites that are directly connected to the MLS (Multiple Listing Service).
Should you find a home that meets your needs and you wish to move forward with an offer, it can oftentimes be necessary to do so quickly. Therefore, being pre-approved for a mortgage can allow you to do this, knowing that if your offer is accepted, you will be able to secure the mortgage financing that you need to complete the purchase.
It is also important to work in conjunction with a real estate agent (or agency) that moves quickly. In a fast paced housing market, literally every minute can count. In addition, it can be advantageous to also work with an agent who is well versed in structuring real estate offers that are appealing to the seller.
Looking for a new home in a fast moving property market can be a bit overwhelming – but it does not have to be. Contact Us and we’ll work with you in seamlessly moving through the process.