At LystHouse, we sometimes sell homes within hours of putting them on the market. So we know it’s tougher than ever right now for many homebuyers as they struggle to beat out the competition. Follow these 3 tips and you’ll be better prepared to win in a fast paced real estate market like we’re seeing now in North Texas.
Understand what you want and what you qualify for. Ideally, you already know how much you want to spend on your mortgage each month. Because you’ll need to move fast when you find the home that you want, you’ll want to get pre-qualified with a lender or have proof of funds ready ASAP. Your agent will need to submit this with any offer that you make.
Be prepared to make an offer over list price. In fast paced markets, many homes receive offers well over list price. Because supply just can’t keep up with demand, you could be competing with up to 20 other offers or more. Having a team of LystHouse agents on your side that can quickly use the latest technology to prepare contracts and submit offers means you have a better chance of being considered by the seller first.
Hire a fast, tech savvy Real Estate Agent. Not all realtors and real estate brokerages are created equal. Some agents are only part time and do a few transactions a year, while others may not be very tech savvy. Consider using a tech-enabled real estate brokerage like LystHouse that employs aggressive tech savvy agents and uses technology to streamline and simplify processes in fast paced markets so you can beat your competition to the punch.