“Should I buy a home in a sellers-market?” The answer to this question is yes.
You may be shocked to hear us recommend that you should consider buying a home in a sellers-market but there are significant reasons behind our recommendation including the following:
Reason 1 – Low Mortgage Interest Rates
In 2015 mortgage interest rates are predicted to increase by at least 1% or more.
This increase could amount to you paying hundreds of dollars more each month for your mortgage payment, and thousands of dollars over the lifetime of your mortgage loan.
Reason 2 – Less Competition
Did you know that more buyers will be stepping back from the Real Estate market since they will view it as a sellers-market?
This means good news for you since fewer buyers competing for homes means your offer is more likely to be noticed by the homeowner.
Reason 3 – More Homes Available Than You Think
Instead of searching for homes on websites like Zillow, search for homes in your target areas by looking for homes for rent which you would be interested in buying, or hire an experienced Orange County Realtor to help you search for expired listings.
Reason 4 – Mortgage Loan Pre-Approval Will Help You
Don’t waste one minute with getting pre-qualified for a mortgage loan; take the time now to get pre-approved.
This step is important since it will show a home owner how much money you really qualify for and give them confidence that your financing is in place for you to purchase their home.
Reason 5 – Get Creative with Your Offer
Last of all, but most important, get creative when submitting your offer on a home by writing a letter to the owner and include a picture of your family.
Following through with this tip will help the homeowner to see you as a real person who will love their home for years to come, and not see you as just another home buyer.
Let Us Help You Buy a Home during the Sellers-Market
For more great tips on how to buy a home during a sellers-market, or to view the latest Orange County Homes for Sale, contact Fred Sed & Associates today by calling us at: (949) 272-0125.