Tips on How to Stay Ahead in a Competitive Real Estate MarketBy Guest Blogger
January 13, 2022
The current pandemic has forced sellers and real estate agents alike to find new ways to give tours and advertise listings.
home in an evolving and competitive market can be intimidating. Fortunately,
advances in technology have made it easier than ever to find a house you love.
This can be hugely beneficial during the pandemic, which has forced sellers and
real estate agents alike to find new ways to give tours and advertise
you’re ready to sell your current home, look for a professional agency that
will help you make a quick, uncomplicated sale. Read on for tips from United
Country Real Estate to get through the buying and
selling process as smoothly as possible.
Do your homework
The greater Kansas
City area, for example, is extremely competitive when it comes to homes on the market, with the
most popular listings getting snapped up quickly and an average sale price of about $272,623.
In this area, you can expect to compete with multiple offers, so be prepared to
list a few things you’re willing to give up in
order to snag the sale. Some buyers are happy to pay for things like a home
inspection — which would normally be paid for by the seller — if it means
making a successful negotiation.
housing market being so competitive, it’s important to stay flexible both on
the buying and selling end of things. Finding new ways to do business has
become paramount in real estate over the past year, so you may need to arrange
for virtual chats and tours. Home inspections and appraisals may take a little
longer than they used to, so patience will be required. You’ll also need to
think about how you’ll sign documents and share important paperwork. These days, most of that is
done digitally. You can download apps and find online resources that will help
you create a legal, digital
Take the guesswork out of the equation
In such a
competitive market, it’s essential to do some planning ahead of time to make
sure there are no wrenches thrown into the process. Getting pre-approved for a
loan is one step that will make a big difference. So start looking into
interest rates and potential loans. And consider all of the scenarios. Do you
plan to buy a home where you’ll live for decades, or do you plan to pay off
your home as soon as possible? Consider 15, 20 and even current
30 year mortgage rates to get an idea of what’s
addition to knowing what you can spend, know exactly what you want in a home.
While staying flexible is important, it’s also crucial to know exactly what
you’re looking for and what you absolutely don’t want to deal with. Do some
research on DIY fixes and upgrades so you’ll be prepared. The last thing you
want is to start the buying process without a clear vision in place as this
will only take up more time.
Sell your home first
and selling at the same time can be a challenge, and it can be next to
impossible to line up the closing dates. Selling your home before moving on to
the buying process can be helpful both in saving time and stress, so ask your United
Country agent to assess your property so you can
get the ball rolling. Think about your options for that in-between time too,
such as finding a short-term rental, staying in a hotel, or staying with family
until you can close on your new home. This will come with additional costs,
including storage for your belongings, so it’s important to make plans ahead of
mindful too about any necessary repairs or upgrades to ensure your home doesn’t
sit for too long. Issues with a roof, HVAC
system, plumbing or electrical can be major deal-breakers, so connect with
local contractors right away to address repairs. Simple search terms like “roofing
companies near me” can help you connect with
local pros with stellar reviews and ratings.
involved in a competitive real estate market takes a lot of patience and some
careful planning, so consult the professionals before jumping in. By remaining
flexible and open to change, you’ll find the process much easier and
United Country Real Estate is the leading, fully integrated network of conventional and auction real estate professionals in the nation. The company has been an innovator in lifestyle and country real estate marketing since 1925. Call 800-999-1020.
*Photo courtesy of Pexels.
About the author:
Natalie Jones enjoys writing about home buying and hopes to inspire homeowners of all stages to enjoy the perks of homeownership. She created homeownerbliss.info to help soon-to-be homeowners in making their decision during house-hunting. Natalie also loves spending time with her husband working on DIY projects for their home.