Tips for Buying in a Tight Market

Increase your chances of getting your dream house in a competitive housing market, and lower your chances of losing out to another buyer.

1. Get pre-qualified for a mortgage. You’ll be able to make a firm commitment to buy and your offer will be more desirable to the seller. Work with a local lender who knows the current market.

2. Stay in close contact with your real estate agent to find out about the newest listings. Be ready to see a house as soon as it goes on the market — if it’s a great home, it will go fast.

3. Scout out new listings yourself. Look at Web sites such as REALTOR.com, browse your local newspaper’s real estate section, and drive through the neighborhood to spot For Sale signs. If you see a home you like, write down the address and the name of the listing agent. Your real estate agent will schedule a showing. Your real estate agent can also set you up on a property search that will e mail you homes that fit into your critiera.

4. Be ready to make a decision. Spend a lot of time in advance deciding what you must have in a home so you won’t be unsure when you have the chance to make an offer.

5. Bid competitively. You may not want to start out offering the absolute highest price you can afford, but don’t go too low to get a deal. In a tight market, you’ll lose out. By hiring the right agent, they will do all the negotiating for you, so you get the best price.

6. Keep contingencies to a minimum. Restrictions such as needing to sell your home before you move or wanting to delay the closing until a certain date can make your offer unappealing. In a tight market, you’ll probably be able to sell your house rapidly. Or talk to your lender about getting a bridge loan to cover both mortgages for a short period.

7. Don’t get caught in a buying frenzy. Just because there’s competition doesn’t mean you should just buy it. And even though you want to make your offer attractive, don’t neglect inspections that help ensure that your house is sound.

Contact Andrea Haitz for a list of homes for sale in the Grand Junction area and for a list of Bank  Foreclosures in the Grand Junction area.

Search Grand Junction Homes For Sale.

Provided by NAR.

How to find those great foreclosure deals!

Have you recently been hearing people chatting about the great bank owned and foreclosure deals that are out there but can’t quite seem to get a grasp on where to find em?  It’s actually very simple. When a home is going to foreclosure it will first show up on the public auction list.  Not too many homes sell in this phase of the foreclosure process as buyers must have the funds available to purchase the home by 1pm the day of the auction.  When the house fails to sell at public auction, it then returns to the lender and becomes bank owned real estate or REO.  These are then re-listed with a real estate agent on the MLS.  This is where most buyers find these great deals and you can too.  As a real estate agent, I have several tools at my disposal.  I can create a current list of foreclosed bank owned homes from our local MLS and simply print this or email it to you.  Since these properties sell rather quickly, the list obviously changes from day-to-day.  I can also go into the MLS and set an email alert for my clients based on specific criteria such as: bank owned, 3 bed, 2 bath in the city.  My client would then receive a daily email straight from our MLS system with the most updated bank owned homes currently available.  The email would include pictures, details about the property and lending available.  When you see a property you are interested in, simply shoot me an email or give me a call and we will go and see it.  Or we can also set up a day and preview a number of bank owned homes.  It’s really that simple.  So what are you waiting for?  Let’s get you set up today.  Call the Real Estate Super Diva 970-201-3578

Tips for Buying in a Tight Market

Increase your chances of getting your dream house in a competitive housing market, and lower your chances of losing out to another buyer.


1. Get prequalified for a mortgage. You’ll be able to make a firm commitment to buy and your offer will be more desirable to the seller. Work with a local lender who knows the current market.

2. Stay in close contact with your real estate agent to find out about the newest listings. Be ready to see a house as soon as it goes on the market — if it’s a great home, it will go fast.

3. Scout out new listings yourself. Look at Web sites such as REALTOR.com, browse your local newspaper’s real estate section, and drive through the neighborhood to spot For Sale signs. If you see a home you like, write down the address and the name of the listing agent. Your real estate agent will schedule a showing. Your real estate agent can also set you up on a property search that will e mail you homes that fit into your critiera.

4. Be ready to make a decision. Spend a lot of time in advance deciding what you must have in a home so you won’t be unsure when you have the chance to make an offer.

5. Bid competitively. You may not want to start out offering the absolute highest price you can afford, but don’t go too low to get a deal. In a tight market, you’ll lose out. By hiring the right agent, they will do all the negotiating for you, so you get the best price.

6. Keep contingencies to a minimum. Restrictions such as needing to sell your home before you move or wanting to delay the closing until a certain date can make your offer unappealing. In a tight market, you’ll probably be able to sell your house rapidly. Or talk to your lender about getting a bridge loan to cover both mortgages for a short period.

7. Don’t get caught in a buying frenzy. Just because there’s competition doesn’t mean you should just buy it. And even though you want to make your offer attractive, don’t neglect inspections that help ensure that your house is sound.


Provided by NAR.

$8000 Tax Credit… Don’t miss out

Earlier this year congress voted in the $8000 tax credit to help first time home buyers. You must close on or before November 30, 2009 to receive the credit. Those who have not owned a home in the past 3 years also qualify for the tax credit.

NAR (National Association of Realtors)  is trying to extend the tax credit for 2010, and even make it better. However it is not a sure thing as of now.

With interest rates low and home price in Grand Junction, CO and nearby areas, low it’s a great time to take advantage of the market.

In some cases you can use the $8000 tax credit to help with closing costs.

Check out www.HousingMarketFacts.com for more informaion.

Andrea Haitz, Realtor

Keller Williams Grand Junction Realty LLC

www.AndreaHaitz.com

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