Here are three financial tips for buyers in this competitive market.
Are you a buyer in today’s market? Here are three financing tips to help you reach your goals and get the house of your dreams:
1. Have your closing costs covered. Make sure that you have enough money in your bank account to cover those costs. Closing costs are about 1.5% to 2% of the purchase price.
2. Have the funds to cover a low appraisal. Appraisals are going crazy right now, so you want to make sure that you have enough money to compete with cash buyers and offer over asking price.
3. Be pre-approved and underwritten. This way, you have a solid position when you submit an offer on a hot home that will be off the market within 48 hours. The seller will want to pick you because you’ve already been through the system.
Hopefully, you found these tips helpful. We’re excited to work with you and help you get through today’s market. If you have any questions, don’t hesitate to reach out to us via phone or email. We look forward to hearing from you.