Real estate markets across the U.S. are fast-paced right now. Homes are selling within hours, rather days. Homebuyers are struggling to find the right house before someone else has put it under contract. The pressure to beat out other homebuyers is intense.
Homebuying is already an emotional experience without the pressures of the market. Adding on the market’s intensity is enough to make anyone go insane. Here are a few tips from U.S. News & World Report here:
1) Set up instant property alerts. Many real estate websites allow users to save their search criteria and alerts emailed or text to them within minutes of homes coming on the market. This is the best way to stay ahead of competing buyers. When homes are selling within hours, every minute counts. It’s nearly impossible to find the best house in a hot market without having instant notifications.
2) Hire an agent who moves fast. Not all real estate agents are created equal, and some work with more sellers than buyers. Other may work part time, or are not very tech savvy. There are many different kinds of agents, so you need to be smart about who you choose to help you find your home.
3) Be prepared to make an aggressive offer. When a real estate market is hot, there’s no time for being picky. If you’ve looked at multiple homes and have been beat out by other buyers on several occasions, you may be asking for too much in your offer.
If you’re experiencing this problem as a homebuyer in Portland, let us help you break through the competition and beat the other competing buyers to your next home purchase.
The post 3 Tips for Homebuyers in a Fast-Paced Real Estate Market appeared first on Will Fendon Properties Team at Cascade Sotheby's International Realty.