Ignite FB Tracking Pixel3 Factors to Consider Before You Buy a Home in a Seller's Market - Tyler Grossman
3 Factors to Consider Before You Buy a Home in a Seller's Market

by Tyler Grossman 12/23/2018

Purchasing a deluxe home at an affordable price may seem impossible, particularly for property buyers who are searching for a residence in a seller's market.

Lucky for you, we're here to help take the guesswork out of buying a terrific residence at a budget-friendly price, regardless of the current housing market conditions.

Now, let's take a look at three factors that homebuyers need to consider before they enter a seller's market.

1. Your Timeline

What is your homebuying timeline? Ultimately, you'll want to consider how quickly you need to relocate to a new residence. This will enable you to map out a homebuying journey that boosts your chances of getting the best results possible.

For example, if you have several months to plan ahead, you may be able to wait out a seller's market. You can pursue a wide range of residences over an extended period of time. And if you find a residence that you like, you can submit an offer on it.

On the other hand, if you need to move right away, you'll likely need to speed up the homebuying journey. In this scenario, you'll want to make the most of the time and resources at your disposal. If you can optimize the time and resources that are available, you may be better equipped than other homebuyers to discover a great home in a seller's market.

2. Your Budget

How much can you afford to spend on a home? A seller's market favors property sellers, so you'll want to do everything possible to budget appropriately and avoid the temptation to overspend to acquire a residence.

Getting pre-approved for a mortgage usually is an excellent idea. If you meet with banks and credit unions, you can learn about your mortgage options and choose a mortgage that matches your finances perfectly.

With a mortgage in hand, you can enter the housing market with realistic property buying expectations. You also may be able to narrow your home search, and as such, speed up the process of purchasing your ideal house.

3. Your Homebuying Expertise

What do you know about the housing market? In most cases, homebuyers lack real estate expertise. However, working with a real estate agent ensures you can receive comprehensive support as you navigate a seller's market.

A real estate agent is a friendly, knowledgeable housing market professional, one who will go above and beyond the call of duty to assist you during the homebuying journey.

Typically, a real estate agent will set up home showings, keep you informed about new properties as they become available and negotiate with home sellers on your behalf. He or she will even provide honest, unbiased recommendations, guaranteeing you can get the expert insights you need to make informed homebuying decisions.

When it comes to exploring houses in a seller's market, why should you be forced to leave anything to chance? Consider the aforementioned factors closely, and you can improve your chances of acquiring a stellar home without having to break your budget.

About the Author

Author
Tyler Grossman

It's been an exciting decade working in the trenches of Marin Real estate!  Experiencing all the highs and lows of the always changing Marin market.  In fact, it can be different from street to street, week to week, and certainly for each and every home.  As a Marin native, I know the ins and outs of all the various neighborhoods, including schools, parks/trails, restaurants/shopping, transportation, and all the various aspects I need to know for our clients.  I feel so blessed to be able to raise my 2 children (Reed -7, Paige - 5) here with my wife Beth.  Although expensive, we know every day why it's worth it!

I partner with my mom Marti, who has over 30 years of experience in the business and has been very successful and highly respected.  Together we pool our experience, knowledge base, technical savvy, networking groups, and provide our clients with a true value of 2 for the price of 1.  Marti has excellent working and friendly relationships with all the older guard or agents, as i do with the more contemporary ones.  We are always leveraging our relationships to put our clients in the best positions.

Team Grossman has a long track record of sales success that we are happy to share with you.  We are as comfortable and committed to selling $250,000 co-op's to $2M estates.  We are 100% committed to our clients throughout the real estate relationship and beyond. We earn the trust and respect of our clients, who recognize that we are always willing to go above and beyond to provide the best service we can possible give, in order to make your real estate buying or selling needs come true. 

I have been in real estate since 2005, including every time of residential sale, including single family homes, condominiums, townhomes, income investment properties, bank owned properties (REOs) short sales, houseboats and land. Over the years, I have earned the trust and respect of my clients, and often made good new friends along the way.  I have been recognized by my company for various Sales Achievement and Client Service Awards throughout my career.

I ask that you meet with us to get to know us and how we run our business, and allow us to earn your business.  Thanks for that opportunity and can't wait to hear from you.

- Tyler