Articles

Buying In A Limited Inventory Market  

By Sandra C. Brown, GRI, Broker

 

Rule Number 1  Don't get carried way and waive rights

         a) Don't waive inspections

         b) Don't waive finance contigency

         c)   Don't make earnest money nonfundable

 

Rule Number 2 Be prepared

         a) Have a preapproval letter ready that is current

         b) Have the earnest money in your checking account

         c) Have a home inspector lined up and ready 

         d) Hire a well versed Real Estate Agent 

 

Rule Number 3 Execute

         a) Spent one day looking at not more than 4 houses that look and appealing to you

         b) If one of the four houses feels like "home" submit an offer THEN

         c) Make your offer strong don't try to low ball 

         d) Be preapred for a Multiple Offer Notice

 

Rule Number 4  Stay On Top of the Transaction

         a) Call your agent, lender and inspector weekly for status updates

Rule Number 5 Move in Your New Home