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EL SEGUNDO HERALD April 26, 2018 Page 11
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Insider Tips And Tactics For Buying
A Home In A Seller’s Market
Your Home is Your Castle
E L S E G U N D O
D R E # 0 1 3 7 8 8 5 1
Let Me Help You Find Yours!
Remember to Buy
a Rotary Duckie!
Eloise Mendez • 310-322-9761 • www.eloisemendez.com
(BPT) - Whether you’re a millennial looking
to buy your first home or a boomer thinking
about downsizing your empty nest, you’re
probably aware that it’s a seller’s market
out there.
Homes are selling at lightning speed,
bidding wars are commonplace, buyers often
have little to no room for negotiation and the
price of those homes keeps rising.
But don’t worry! Just because it’s a seller’s
market doesn’t mean you can’t get a good
deal on the home of your dreams. Here are
some insider tips and tactics from the pros at
RE/MAX, LLC to help you get your slice of
the American dream at a price you can afford.
Work with a full-time, experienced agent.
This is critical, vital and non-negotiable.
Things move so fast and offers are made
within minutes of seeing a home. If you don’t
have a real estate agent, you can easily be
overwhelmed by this thrill ride. Your agent
can help you with negotiation, serve as your
champion, and can guide you through this
process as a pro.
Get pre-approved with a lender. When you’re
pre-approved, you’ve done all the paperwork
upfront. The bank has decided what you can
afford to spend. This tells the seller you mean
business and are ready to roll.
Use technology. If you aren’t using
CalBRE# 00942595
technology, you are missing out.
Hop on remax.com and view
homes within your price range
or in your desired school zone or
neighborhood. You can also get
a sense of what’s selling at your
budget, and even calculate your
estimated mortgage payment.
Don’t wait to request a
showing. If you’re checking out
houses online, ask your agent to
request a showing as soon as you
see one you like. Don’t wait until
the weekend. You know what they
say about he who hesitates ...
Don’t wait to make an offer. If
you like it, jump on it. Make your
offer clean (no contingencies such
as the sale of another property),
if possible, and consider offering
favorable concessions to the seller
such as a flexible closing date.
Think outside the box. You
might have come into your
home search wanting to live in a specific
neighborhood. What if you expanded your
horizons a bit? Cast your net wider into areas
you hadn’t considered. A lovely gem might
be waiting out there for you.
Don’t make a major purchase between
Shiela Simplifies Sales
310-529-9922
shfowler17@gmail.com
offer and closing. If you do, it could upset
your debt-to-income ratio. Your lender could
run the numbers again, and you’d be sunk.
Hold off buying furniture or ordering new
appliances until after closing documents have
been signed and the place is yours.
Following the advice of your agent is
always critical, but it’s even more important
in a seller’s market. He or she will guide you
through the process, and you’ll be unpacking
boxes in your dream home in no time!