How to win a bid on a home in a competitive market.
Work with a team that is skilled in creating a winning strategy to help you reach your real estate goals.
We are always available to help you put together that plan.
Getting your offer accepted on the home you want in a market that often has multiple offers take skill and expertise. We are continually improving our skills, we have the expertise and are looking forward to helping you.
We know it is frustrating to be out searching for a home in a crowded market. You continually hear that there is a lot of interest in this home, multiple offers, calls for highest & best offers within days of home entering the market for sale, homes selling too high, and on. However, we can help you find your community and home, and with our analytical skills and strategies, we can help you secure the winning bid on a home. As professional real estate agents, we work to maintain our skillset to help you reach your real estate goals and have successful real estate.
First, we work with our clients to determine what you want and what you need in a home, and where within our market should we target for you to make your purchase. This is based on a variety of factors that can include your budget, what your interests are, where you work, nearby family, and more. We review to determine how we can provide the best all around value for you.
Next, we are real estate professionals that understand relationships and building rapport to help assure a listing agent that you are the best possible option for their seller. We make sure that every listing agent we work with knows we will provide the service needed for a smooth and successful sale for their seller. We are continually improving our negotiation skills and processes to provide the attention to detail that creates successful transactions for our clients. We also keep our team up-to-date with excellent resources to create our total team ready for you that includes lenders, inspectors, repair/remodel options, movers, attorneys—all of the additional support you need to reach your real estate goals.
To be successful purchasing a home, we need to analyze your strengths and weaknesses as a buyer. and do what we can to mitigate the weakness. Once we have your location and buying power determined, we need to find a home that meets your criteria. Once found, we analyze the home and community to determine what the market value is for that home. Based on its condition and location; is it listed low, to the market, or high? With data, we prepare a strategy employing a variety of techniques to improve the strength of your offer through a combination of price and terms that make up the bid for a home. We are always available to meet with you to review what options we can help you employ to create the best offer you can make. Combining this with our presentation of the offer and a lender’s ability to reiterate your position, we strive to help you put your best foot forward.
On another note, as real estate professionals, we help you navigate the landscape to purchase your home by improving your position to provide strong objective buying criteria that will appeal to a seller. Here is NAR’s stance on “Love Letters to Sellers” and why we have ample strategies to help you secure a home without violating federal law. https://www.nar.realtor/fair-housing-corner/love-letters-or-liability-letters
Here is a quick market update for what we expect to see as we move through 2021
In the Greater Columbus Real Estate Market, we expect to see a continuation of our low inventory market with only a very small increase in mortgage rates. We don’t anticipate this to be enough to derail strong buying interest. More housing inventory is certainly needed. “By summer, around half of Americans could be vaccinated and another quarter by autumn. Herd immunity is in sight, and a possible return to normal everyday activity. Given the massive savings of stimulus money to date, the unleashing of that into spending will greatly boost job recovery in the second half of the year,” Lawrence Yun, Chief Economist and Senior Vice President of Research for the National Association of REALTORS®.
“Expect the post-pandemic economic rebound, improving job conditions and stable interest rates to continue in 2021, according to a survey of more than 20 top U.S. economic and housing experts. Lawrence Yun, NAR chief economist and senior vice president of research, unveiled the consensus forecast during NAR's second annual Real Estate Forecast Summit.
The group of experts predicted:
• Gross Domestic Product growth of 3.5% in 2021 and 3.0% in 2022;
• An annual unemployment rate of 6.2% next year with a decline to 5.0% in 2022;
• Average annual 30-year fixed mortgage rates of 3.0% and 3.25% for 2021 and 2022, respectively;
• Annual median home prices to increase by 8.0% in 2021 and by 5.5% in 2022;
• Housing starts of 1.50 million next year and 1.59 million in 2022; and
• The share of the U.S. workforce working from home to be 18% in 2021 – down from 21% in 2020 – and 12% in 2022.” Data from NAR’s Annual Real Estate Forecast Summit.
Summing it up, we expect to see the continuation of the lack of enough inventory for the number of buyers, home prices continuing to increase, and mortgage rates to be fairly stable, with a slight increase. In reality, good news for all as we hope to see a rising tide lifts all boats.
Contact us anytime, we’d love to meet and review with you to create your strategy to purchase your next home.
