May 4, 2022
How to Win in a Challenging Market: Get Your Offer Accepted
With the real estate inventory at its lowest levels since 1999, this past year concluded with an increase of existing-home sales in the US—at over 6 million—the highest number since 2006! As these numbers continue to rise, the currently tight real estate landscape is more competitive than ever! So, if you’re looking to buy a home in this seller’s market, you must be anxious and wondering if it’s even possible. While it may be difficult, we are happy to let you know that it’s always possible! That’s why in today’s blog, we’ll be going over how to win in a challenging market and get your offer accepted!
Work with Licensed, Experienced Industry Professionals
Recruiting a trusted, reputable team is your very first step towards having your offer accepted! A good real estate agent and the right mortgage company are the prime key to success in this challenging market! These professionals will help you achieve your goals and, therefore, should be honest and driven regarding any obstacle you may encounter.
Working with a reputable mortgage company should be one of your top priorities. When it comes to selecting the right team, you will want to work with a company that has the following traits:
- Great Reputation
The first thing you want to look for when searching for a mortgage company is to check if they have a great reputation. You can tell if a company is trustworthy by checking out what others have to say about them with reviews! You will want to work with a team that is honest, transparent, and caring, so doing some research on them ahead of time is a smart move.
- Reliable Team
In order to get your offer accepted, you need to work with the professional that both the agent and the seller will want to work with. Somebody reliable. Working with an unorganized team that doesn’t keep up its word is not something you want. If your agent and seller are having a hard time working with them, it’ll decrease your chances of getting your offer accepted.
- Competitive Rates & Fees
Rates and fees are important and will vary, but if you work with a broker, they will give you the best value because they will match you up with a lender who will give you what you need in terms of timeline, service, and price.
- Will Invest Time in You
You want someone who is willing to invest with you and help you even if you are not ready to buy yet. Someone who will spend time with you and help you get qualified. Not everyone is fully prepared to buy a house in their current state. That’s why it’s vital that you work in a team that can identify your needs and invest the time to get you better qualified and increase your chances of getting your officer accepted. Remember, you want to increase your chances of success in this very challenging market, so you’ll want to make sure that your mortgage company is ready to invest some time and effort in you!
- Knowledgeable and Experienced
Of course, you want to work with a team that understands the market and can analyze your situation to create the best course of action for you. Working with a knowledgeable and experienced team will increase your chances of getting your offer approved in this buyer’s market! They can provide you with tips that are tailored to your situation.
Community Mortgage Can Help!
Navigating the competitive real estate market is not easy. That’s why it’s best to enlist the help of a reputable mortgage lender with highly experienced loan officers. This will help minimize any roadblocks or obstacles that will surely appear during your search for a home. We hope this blog helped give you some insight and things to consider. At Community Mortgage, our competent team is more than happy to help you achieve your goals! Give us a call at (619) 692-3630 or click here to schedule a FREE consultation.
