How to Buy a Home in Any Market

Every day it seems that something happens to affect the real estate market. Mortgage interest rates are currently low, but they are on the rise. Home prices are going up in many areas. Inventories of homes for sale are low, so available properties are scarce.

Consumers may not know how to buy a home under today’s conditions. Fortunately, best practices don’t change. Whether it’s a buyer’s market, seller’s market, or something in between, these tips will help you buy a home in any market.

• Don’t to get too emotional about the process of buying a home. It’s easy to lose your cool if the property you love is sold before you get a chance to look at it, or if someone outbids you for your dream house. Remember that there are always more properties out there, and that you will find one that is right for you.
• Don’t try to time the market. Purchasing a home is a long-term investment. You are going to live in this house for several years. Don’t rush to buy because you think prices are going up, or put off buying because you think prices are falling.
• Do make your best offer. A lowball offer on a property simply wastes the seller’s time, and your own. If you are serious about buying the house, put your best foot forward and make an offer that reflects the value of the home and the neighborhood.
• Do work with a good Realtor®. A knowledgeable real estate professional can help you get a good house at a fair price, instead of overpaying for a home you don’t like, or not finding a property at all. Your Realtor® knows the market and can help you find the best options in your price range. They’ll also help you structure your offer to make it attractive to the seller.

In this real estate market, home buyers could use a helping hand. Contact me today for an appointment to discuss the property you’re looking for. I can guide you through the buying process and help you end up with your dream home.

Patty Ross 
831-236-4513 
pattyre@comcast.net
www.pattyrosscarmel.com

Click here to listen to Patty discuss the latest trends in Northern California Real Estate including the communities of Carmel, Carmel by the Sea, Carmel Valley, Marina, Monterey, Pacific Grove, Pebble Beach and Seaside

Photo courtesy Michelle Meiklejohn, FreeDigitalPhotos.net.