Tips for Buying During a Busy Spring Market

Spring weather is right around the corner, and the markets are already heating up. For buyers, that could mean an increase in competition, more multiple-offer scenarios, less wiggle room in negotiations and a spike in home prices. With the help of a REALTOR®, however, today's buyers can get the most out of a transaction, regardless of how competitive the market gets.

What should today's consumers do to prepare for buying a home?

The first step that REALTORS® always suggest, especially in a seller's market, is to get your financing in order. This means establishing a relationship with a lender, and then addressing any credit issues and getting not just pre-qualified, but actually pre-approved for a mortgage.

In terms of the offer, what advice can you provide to buyers?

Be sure to discuss with your REALTOR® (in advance) which contingencies you are willing and able to either eliminate or negotiate altogether. Having those points in hand will help your REALTOR® craft the most appealing offer possible in the quickest time frame possible.

What about during inspection negotiations?

Willingness to compromise on inspection findings depends entirely on the buyer's financial situation and specifics in the contract. Do you want to buy the house regardless of whether it needs a new roof and the seller is unwilling to negotiate, or do you want to be able to walk away from even the smallest findings? It's important to rely on your REALTOR® to carefully word your contract so that your interests are protected and your intents are clear.

Any other tips for buyers purchasing in the spring market?

Once you submit that initial offer, your REALTOR®'s job is just beginning. We recommend that you stay very accessible to your REALTOR®. Now's not the time to go on vacation, because you may be required to make complicated decisions very quickly. Even once the offer is accepted, there are still plenty of issues that arise during the inspection and title clearing period, in finalizing your mortgage and when getting closing documents in order.

Bob Abner is a highly respected, top producing, full time, Realtor for over 30 years and is an expert in the Northern Kentucky real estate market. 

 Give Bob a call at 859-760-1660 

Email Bob at BAbner@huff.com 

Visit Bob's Website: http://www.bobabner.com