Ahhh…Summertime!

The days are long and sunny, the Mariners are still technically alive, and it’s the best time of year to be a buyer in our super-heated real estate market. Yes, things are still tilted in favor of sellers, but new listings continue to come on the market and lots of buyers take a break at this time of year. Whether those buyers are on vacation or just fed up with the grind, their inactivity can create your opportunity.

You will still have to be strategic and move quickly, but a little less competition may be just what it takes to push you over the top. I’ve recently helped multiple buyers secure their dream homes in competitive, multiple offer scenarios and there is a proven path to success. Here are a couple thoughts from the front lines.

First, it sounds (and is) self-serving, but you need to be working with a professional broker who knows the market and how to win in competitive situations. They – and by “they” I mean “I” – can’t predict exactly how each situation will turn out, but they can provide critical advice on price, deal terms, contingencies, timing, etc. They will also advise you on what you can reasonably ask for in a deal and what to forego. Finally, and experienced broker is talking to the listing agent throughout the process and picking up valuable intel in order to get you an “unfair” advantage.

Next, even if you are getting a loan, the goal is for you to look as much like a rock solid, cash buyer as possible in the eyes of the seller. There are many ways to accomplish this, and I can introduce you to some great lenders who can work their own brands of magic. My Windermere office also has a program that will actually act as a cash buyer on your behalf if needed. You heard that right and I’ve seen it work! Obviously, “some rules and restrictions apply”, but I’d be happy to share the details with you if you’re interested.

Enjoy the rest of the summer and feel free to call anytime. I’m working (most of the time) and with lots of others temporarily on the sidelines, this might be just the opportunity we need to get you into your next home.

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