Buying a Home in a Seller’s Market
When you’re buying a home in a seller’s market, there are mistakes to avoid. And, we don’t want you to lose out on your dream home. So, how do you avoid them? You need a plan!
Preparation is key to successfully buying a home, especially in Orange County’s market. Preparation is the difference between putting your dream home under contract and someone else taking it off the market. Because buyers in a seller’s market can get what they want, but they need to be prepared to take action.
5 Mistakes & How to Avoid Them
The Ulnick Group has your back! We want you to be successful. Buying a home in a seller’s market can be challenging, but not if you are prepared to avoid these 5 mistakes.
We know there are numerous Realtors available in Orange County. That means as a Buyer, you have many options when it comes to selecting a professional to represent you through the buying process. We want to make your choice easy. So, why are we so confident you should choose the Ulnick Group?❤️
Let’s take a look at how we help you avoid the 5 biggest mistakes when buying a home in a seller’s market…
Not Make Your Best Offer
When buying a home in a seller’s market, we help you make your best offer! It’s human nature – we all want to buy what we want for as little money as possible. That leaves you at a disadvantage compared to other buyers making other offers. The seller wins, another buyer wins, but you lose.
When you work with a trusted real estate professional (hint: that’s us!) – we help you compare the price to similar homes in the area versus what is available on the market. We want you to be confident in making your best offer, so you have the best chance at securing your dream home!
Over-Analyze the Purchase Price
When buying a home in a seller’s market, we help you avoid impulse-buying a home! But, we also advise in how not to over-analyze a purchase price. Because if you wait too long or lack confidence in making an offer, you are at risk of losing the home you’ve fallen in love with!
We help you determine the type of home you want, the location you desire, and the price range you can afford – then find the home to meet those requirements. That way we can help you take action!
Work With an Inexperienced Agent
Buying a home in a seller’s market means you need all the help you can get…you need an experienced agent on your side! An experienced real estate professional gives you a better chance of getting the home you want. Let us put our experience to work for you!
We create a collaborative and creative environment that empowers us to set you up for success in securing your dream home. That’s why we are among the top 1% of listing and selling agents in Orange County with over 35 years of real estate experience.
Not Being PreQualified for a Loan
As your Realtor, we help you get prequalified (or better yet, preapproved) for a loan! You may be confident that you’ll be approved for a mortgage – based on your steady income, low debt-to-income ratio, and high credit score – but the seller needs proof to be confident, too.
Being prequalified (you’ve shared your financial story) or preapproved (you’ve submitted your mortgage application) with a lender is that proof. We help you show the seller you are prepared to successfully buy their home in a seller’s market.
Not Being Prepared for a Bidding War
A bidding war is almost guaranteed when buying a home in a seller’s market, so we help you to be prepared to win! And, being prepared means setting your search below your max budget. That way we set you up for success in case of an over-asking bidding war. We remove the fear of going over budget from the equation. It’s that simple!