In today’s real estate market, homes are moving fast, especially in the starter home sector where competition is uber-intense. With homes selling in hours instead of days, do you have the real estate buying tips you need to keep your buyers at the head of the pack?
Help your buyers break through the competition and beat rivals with these real estate buying tips:
- Move fast.
To ensure your success in retaining your current clientele and ensuring additional business, it’s in your best interest as a buyer’s agent to be aggressive and timely in today’s market. Especially when it comes to helping your client secure a contract, so you will prevent lost opportunities for you both. Time is of the essence, so staying on top of things and moving fast when opportunities present themselves is essential.
- Be on the alert.
Property alerts (also called instant notifications) on most real estate websites offer the option to save search criteria and have alerts emailed/texted immediately when relevant new listings hit the market. A great tool, as when homes are selling within hours every minute counts. Advise clients to choose sites with direct feed to their local MLS (sites that update within minutes, rather than daily) for the fastest results.
- Be aggressive.
To compete, be certain to structure offers in such a way as to make them appealing to sellers. (i.e.: don’t ask for too much or make offers too complicated.) In a multiple offer situation, those that don’t immediately stand out may be quickly relegated to the selling agent’s ‘reject’ pile. Formulating a strategy BEFORE buyer’s fall in love with a home is advisable – then you can simply pull the trigger.