Coldwell Banker Sea Coast Advantage
Frances Warner, Coldwell Banker Sea Coast AdvantagePhone: (910) 233-7030
Email: [email protected]

How Can You Capitalize on a Buyer's Market?

by Frances Warner 11/03/2019

A buyer's market typically is a dream come true for those who want to find a high-quality and affordable house. In fact, there are many things you can do to capitalize on a buyer's market to ensure you can purchase a house that you'll be able to enjoy for years to come.

Now, let's take a look at three tips to help you get the most out of a buyer's market.

1. Narrow Your Home Search

Consider where you want to live and what you want to find in your dream home – you'll be glad you did. If you hone your house search, you can avoid wasting time and resources on homes that fail to meet your expectations.

As you evaluate potential home destinations, think about your day-to-day activities. For example, if you work in the city, you may want to search for houses that are in or near the city itself. On the other hand, if you have kids, you may want to explore residences near parks and other family-friendly attractions.

In addition, it often helps to make a list of home must-haves. Once you know what features you want in your dream home, you can conduct an in-depth search to discover a house that will suit you perfectly.

2. Get a Mortgage

A mortgage is crucial, particularly for individuals who want to take advantage of a buyer's market. Because if you enter the real estate market with a mortgage in hand, you can map out your home search based on your budget.

Getting pre-approved for a mortgage generally won't take long. Banks and credit unions are happy to teach you everything you need to know about home financing and help you select the right mortgage. Furthermore, these financial institutions employ mortgage specialists who can respond to your home financing concerns and queries.

3. Collaborate with a Real Estate Agent

If you want to streamline your search for a home in a buyer's market, you should work with an expert real estate agent. That way, you can receive homebuying tips and recommendations you may struggle to receive elsewhere.

A real estate agent understands what it takes to complete a successful house search in a buyer's market. As such, he or she will work with you to make your homeownership dream come true.

For instance, if you want to purchase a top-notch house as quickly as possible, a real estate agent can help you do just that. Or, if you want to buy a house at a low price, a real estate agent can help you discover a terrific residence that matches your pricing expectations.

As you get set to enter a buyer's market, it helps to prepare as much as you can. Thanks to the aforementioned tips, you can simplify your home pursuit in a buyer's market. As a result, you can find a wonderful residence that is sure to serve you well both now and in the future.

About the Author
Author

Frances Warner

Frances Warner has marketed and sold some of the most prestigious homes on Ocean Isle Beach ranging from the exclusive west end ocean front homes to the mansions on Craven Street. In 2018, Frances sold over 20 million on Ocean Isle, finishing over 8 million ahead of the Number 2 realtor. She has consistently been a top producing agent, finishing Number 1 on Ocean Isle in 2009, 2010, 2011, 2013, 2014, 2015, 2016, 2017, and 2018. Frances was awarded 'Realtor of the Year' for Coldwell Banker Sea Coast in 2013, 2015, 2016 and 2017, which included 12 offices.

She attributes her success to her 'Client FIRST Philosophy', her supportive husband and family and states that real estate is her passion. 'I love helping people reach their goals'.

Frances believes that it is not only important to do your very best, but to be the very best.