Ignite FB Tracking PixelFactors to Consider Before You Buy a Home in a Seller's Market - Kalani Ladd

Factors to Consider Before You Buy a Home in a Seller's Market

by Kalani Ladd 01/02/2019

Purchasing a deluxe home at an affordable price may seem impossible, particularly for property buyers who are searching for a residence in a seller's market.

Lucky for you, we're here to help take the guesswork out of buying a terrific residence at a budget-friendly price, regardless of the current housing market conditions.

Now, let's take a look at three factors that homebuyers need to consider before they enter a seller's market.

1. Your Timeline

What is your homebuying timeline? Ultimately, you'll want to consider how quickly you need to relocate to a new residence. This will enable you to map out a homebuying journey that boosts your chances of getting the best results possible.

For example, if you have several months to plan ahead, you may be able to wait out a seller's market. You can pursue a wide range of residences over an extended period of time. And if you find a residence that you like, you can submit an offer on it.

On the other hand, if you need to move right away, you'll likely need to speed up the homebuying journey. In this scenario, you'll want to make the most of the time and resources at your disposal. If you can optimize the time and resources that are available, you may be better equipped than other homebuyers to discover a great home in a seller's market.

2. Your Budget

How much can you afford to spend on a home? A seller's market favors property sellers, so you'll want to do everything possible to budget appropriately and avoid the temptation to overspend to acquire a residence.

Getting pre-approved for a mortgage usually is an excellent idea. If you meet with banks and credit unions, you can learn about your mortgage options and choose a mortgage that matches your finances perfectly.

With a mortgage in hand, you can enter the housing market with realistic property buying expectations. You also may be able to narrow your home search, and as such, speed up the process of purchasing your ideal house.

3. Your Homebuying Expertise

What do you know about the housing market? In most cases, homebuyers lack real estate expertise. However, working with a real estate agent ensures you can receive comprehensive support as you navigate a seller's market.

A real estate agent is a friendly, knowledgeable housing market professional, one who will go above and beyond the call of duty to assist you during the homebuying journey.

Typically, a real estate agent will set up home showings, keep you informed about new properties as they become available and negotiate with home sellers on your behalf. He or she will even provide honest, unbiased recommendations, guaranteeing you can get the expert insights you need to make informed homebuying decisions.

When it comes to exploring houses in a seller's market, why should you be forced to leave anything to chance? Consider the aforementioned factors closely, and you can improve your chances of acquiring a stellar home without having to break your budget.

About the Author

Author
Kalani Ladd

My designations:  Realtor, Broker, CRS, GRI, ABR, CDPE, CNHS, E-Pro

A Full-Time Real Estate Professional! That's what you get when you work with Kalani Ladd. With over 23 years in the Real Estate Industry, Kalani brings experience, knowledge and a successful career helping countless buyers and sellers through one of the most complex and rewarding transactions of their life!

Kalani Ladd has successfully earned many professional designations including Certified Residential Specialist (CRS, Has only been awarded to 3% of Realtors across the country!!), Graduate Realtor Institute (GRI), Certified New Home Specialist(CNHS), Certified Distressed Property Expert (CDPE), Accredited Buyer Representative (ABR) and E-Pro, in an effort to bring the most accurate knowledge base to his clients in every aspect of a real estate transaction.  

As a member of the Greater Hartford(local board), Connecticut(state board) and National Association of Realtors, Kalani subscribes to a code of ethics, conduct and professionalism that will be evident at your first meeting! In addition, Kalani is an active member of the Real Estate Buyer Agency Council and the Connecticut MLS.  To serve you better, Kalani is also licenced in Massachusetts and holds a Broker License in Connecticut.

Consistently ranked in the top 6% of all Real Estate Professionals NATIONWIDE, Kalani Ladd looks forward to the opportunity to put his extensive knowledge and tireless work ethic to work for You!

Whether you're facing foreclosure or just interested in knowing the market value of your home...Call Today for a free consultation.

Why Choose Me As Your Agent?

When you work with me, you will receive a knowledgeable and professional real estate agent, a committed ally to negotiate on your behalf, the systems in place to streamline buying your home and the backing of a trusted company, Keller Williams Realty.

Why Work With A Keller Williams Agent?

Looking to sell your home? As a real estate associate of Keller Williams Realty,you will now have access to over 170,000 associates across the country to help you sell your property. With our technology, we are leading the way in how homes are sold and purchased through online marketing. Through our KWLS, your listing will display on top name sites like Zillow and Trulia to get you the most brand exposure to your home.

Looking to purchase a home? With our KW Technology and advanced websites,searching for properties that are active on the MLS is a breeze. Now you can search 24/7, save properties to your profile to view later and schedule showings with me so you can see these properties in person. My job is to make the real estate buying process that much simpler and as a real estate associate of Keller Williams Realty, we are doing just that.

Our company prides ourselves in staying on the cutting edge of technology and if you select me as your real estate agent, you will receive all of this and more.You could never find a more dedicated, energetic, or focused agent to represent you. Please give me a call for a no obligation assessment of your needs!