Buying a Home in West Ocean City, MD and Surrounding Areas
Congratulations! You've made the decision to buy a home! It's a big undertaking and whether this is your first time buying or you are a repeat buyer, the process never gets any easier. However, we want to make your experience fun and exciting and in tough real estate markets, the key is having a real estate agent and team that not only knows the market, but understands what it takes to get an offer accepted in this unique climate.
I want all of my buyers to be well informed and well prepared before submitting an offer and that means doing a little bit of homework on your side before looking at homes.
Get pre-approved.
If you are financing your home purchase you want to be as financially prepared as possible. In today's real estate market, you're going up against other buyers that are well financially prepared, and in order to compete, you need to make sure that you are pre-approved, have a substantial down payment and earnest money deposit, and minimize contingencies.
Does this mean that sellers get whatever they want in a seller's market? Not necessarily, but understanding the strategy and the motivation behind sellers' need to sell will help get you ahead in the real estate offer process. With dedication and communication between the agents, we can create a better offer that will appeal to today's sellers. Simply submitting an offer without communication or even a personal letter is not going to cut it. You need your finances in order and with diligent communication, understand why the seller is choosing to sell and how to best write up the offer.
If you need help getting preapproved for a loan, give me a call. I have local lenders that I trust that can help you get preapproved quickly so that you can get on to making an offer.
Do you need to sell first?
This may be an issue in today's market. A lot of sellers are not accepting contingent offers but there are other ways to devise the offer to make it more appealing to homeowners. Every situation is unique and every real estate deal is different. No amount of real estate education is going to make up for pure experience. With years of dedicated real estate service, I've seen just about every type of transaction out there and can help devise solutions for negotiating strategies getting both buyer and seller exactly what they want. The goal is to have a win-win for everyone.
It also helps to know what you want. Make sure you have a list of items that are must-haves versus those you will tolerate and those that are deal-breakers. This will help narrow down what it is you're looking for and give us a better idea of how to make an offer.
If you're ready to get started, give me a call or contact me below. I'd love to help you find the right home around Ocean City Maryland or surrounding communities and towns.
