In The Woodlands, Spring, and North Houston areas, today’s market is extremely competitive. This is great for sellers, but not always so great for buyers. There is a lot of frustration that we find from buyers after making offers on multiple houses and not willing to get caught in a bidding war, which is very common right now.
One of the best things that you can do as a buyer is stay up to date on new listings that come on the market and jump to make a move when you see something that you like. Allen Interests Inc. can set buyers up on an automated home search that emails listings as they come available. Sometimes buyers will see the listings before realtors will! If you see something that comes in your email in the morning, let’s go see it willing to make an offer if it is something that you like.
The offer is key to purchasing the house that you like! Agents know that available houses are few and far between, so the offer that you present is important on a house that was just put on the market. You should expect to offer list price or higher on houses in certain areas that are new to the market. For houses that have been sitting for a while with not as much demand, then we can be more realistic about our offer and negotiating process. It depends on where the house is, what types of upgrades are in the house, the condition of the house, and so much more. Your Realtor can help you with all of this information so that you can make an informed decision when it comes time to offer.
The most important thing is to be patient and don’t get into a situation where you are paying too much for a house, unless is it something that you must have and you have the cash on hand in case of a low appraisal from the lender.
Staying up to date with the market conditions is the best way for you to make an informed decision and get into the house of your dreams!