Our market is bustling and will continue to be for a long time. Everything we have been hearing, reading, and researching has the experts saying this market is likely to continue into 2025. Here are the three tips for buyers in a competitive market:
- Become a cash buyer. Most buyers are purchasing with financing, but sellers are much more likely to accept an offer from a buyer who is paying cash because it lowers their risk. That might be hard for some people, so we have created some exciting programs to offer our buyers that will increase their odds of getting accepted. Even if you need financing to get accepted, our programs will turn your offer into a cash offer. That puts the power back in your hands.
- Waive some contingencies. Since we’re in a seller’s market, sellers get to call more of the shots, so you might want to be prepared to waive some of the contingencies. Some of that can be scary, but being flexible might be necessary.
- Work with the seller’s time frame. They may need to have a quick closing, or they might want some extra time to move, so if you can work around that you’ll increase your chances of getting your offer accepted.
The market is shifting, we have 20% fewer buyers and inventory is increasing, so there are instances where you won’t have to worry about some of these competitive things. Our team promises to do a great job researching the home that you’re interested in to find out the seller’s situation. Therefore, before you start giving things up to be competitive, let us find out what’s going on with that specific situation. We have multiple options to deploy in this current shifting market.