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How to Beat Other Buyers in the Littleton Co Real Estate Market

January 18, 2017

The Littleton CO real estate market constantly fluctuates, but right now, inventory is lower than usual, which means one thing: it is a seller’s market. If you are interested in buying a home in the near future, you may have a bit of competition since buyers will be going after a limited number of homes listed for sale. But, don’t get discouraged. Follow these tips to gain a leg up on the competition and land your dream home:

Move fast.

If you want to ensure you get a home, it’s imperative that you move quickly. Find a real estate agent who is ready to check new listings on a daily basis and get you in for a showing as soon as possible. This may mean squeezing in a showing on your lunch break, before or after work. If you like what you see during the showing, don’t hesitate to make an offer.

Be flexible.

Once you have submitted an offer to the seller, make sure he knows you are flexible with the terms. For example, if you have stated you want a 30 day close in the offer, but the seller wants more time to gather his belongings to move out, offer him a 60 day close instead. He will appreciate your willingness to make the process as easy as possible for him, and will be more likely to accept your offer. Of course, there are certain terms you should never open to negotiation, including the home inspection. If a seller does not want you to get a home inspection, that should be a red flag that there are major issues with the home. Find out what’s included in a home inspection report.

Show your pre approval.

Before beginning to search for your dream home, it’s strongly recommended you get pre-approved from a lender. Unfortunately, many deals fall through at the last minute because the buyer is not able to come up with the funds to buy the home. A pre-approval will show the seller you are serious about moving forward with a deal, and that you won’t have to back out because of lack of financial resources. Be sure to show the pre-approval to the seller’s agent once you submit the offer.

Work with an experience agent.

If you’re trying to buy a home in a competitive market, you must work with an agent who is familiar with the area. Agents who don’t have experience in the neighborhood will take longer to find new listings, set up showings, and get the deal done. However, experienced agents will have the connections to know about listings before anybody else, plus they know the area well so they can help you determine a fair price.

Now that you know how to get the home of your dreams even when there’s a lot of competition on the market, it’s time to find a real estate agent who understands your needs. Contact us at 720-220-2059 to talk to the experienced real estate agents at Colorado Home Sales.