If you are looking to buy a new home, your heart may sink when you hear about the “seller’s market” - stories of long lines at open houses, multiple offers, homes selling for well over the asking price, and not enough new listings to go around. April’s sales figures seem to back this up - in Concord, prices are up almost 30% compared to April 2020, days to offer are in single figures in Bedford, and the median house price has increased by over 30% in Westford. All great news for sellers, not so good if you are a frustrated buyer. A quick glance at the number of listings on the market right now compared to last year might make you conflicted - you know if you were to list your home now you stand a great chance of getting the maximum value, but then how you find your next place? Don't let the worry about your next move hold you back - there are some steps you can take to get yourself in the best position to secure your dream home.
Get Close to your Agent
In this hot market, your best asset is your realtor. Our realtors are well connected, know their communities inside out, and are best positioned to hear about upcoming listings first. By working with your agent before you start your search, you give yourself the best opportunity for success. They can help you work out your budget, hone in your area search and figure out your “must-haves” and “nice-to-haves” before you are under pressure in an offer situation.
Arrange Pre-Approval
It pays to have your finances in order ahead of time, so speak to your lender about getting pre-approval for your loan. When the time comes to make an offer you’ll be in a stronger position if you have completed as much of the paperwork as possible.
Buy Before You Sell
If you are keen to take advantage of the demand and get the best price for your home but are worried about being able to find a house to move to, then our Buy Before You Sell program could be the answer. This program enables you to make a non-contingent offer on a new home without the need for double moves or a bridge loan and lock in today’s low interest rates. Talk to your agent about whether Buy Before You Sell is right for you.
Even in this competitive market, we are still successfully securing homes for buyers. So if you have been thinking about jumping on board and taking advantage of the seller's market, talk to us today - we'll help you make a move!
