As you can see, we continue to experience a robust Real Estate market, and an EXTREME SELLER'S MARKET - there are an over abundance of buyer's, a limited supply of homes, and rising building prices. Listing prices are more of a starting point to negotiate up from, than down, and multiple efforts to purchase are the norm ... But don't despair! We have had several clients this last month sell and buy in the same market. Increasing prices of homes to buy mean that your home that you need to sell is also increasing in value. Shawn says, "a rising tide floats all boats ", so what works against you, will also work for you, both in price and speed of transaction.
Here are a few methods that have been working for us to both BUY & SELL.
1- Get pre-approved by your mortgage broker and get a rate lock to lock in your qualifying mortgage rate.
2- Get your home completely ready to sell ... we can help you with specifics on what needs to be done in your home to get ready. We can even get all marketing materials in place - professional pictures, floor plans, drone shots, measurements, etc. This way you are ready list in hair trigger mode.
3- You could list your home, conditional upon finding and securing a suitable home to buy if you have a realistic expectation of a home in sight.
4- You can also wait until you find a home. Engage us as a Realtor with a personalized search, and let the SWProperties team look for homes coming soon so we can get a head start and find a home you want to buy!
Engage Shawn as a Buyer's agent, for getting advice on the property, price, due diligence, and offer strategy- representing you in what could be a single offer, or most commonly now, a multiple offer on the property. There are different approaches and strategies for both of these situations.
5- Conversely you purchase a home with a long closing time, to allow you time to sell your home
6- Talk to your bank or mortgage broker and get approval for interim or bridge financing
We have proven practises and methods that will guarantee the best dollar in the least amount of time.
In this market, it's getting an accepted offer on a home to buy that takes time, patience, diligence, strategy, boldness and shrewdness!
If this all seems overwhelming or confusing- drop Shawn a text or call him at 250-870-7771 and he can chat specifics to your situation.
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