Do’s and Don’ts for the real estate market
It’s spring in Minnesota, and the real estate market will see numerous houses hit the market, and buyers coming out in droves. There are a few do’s and don’ts you need to know before you get started.
As tempting as it is to tour open houses on a Saturday afternoon, don’t do it. ESPECIALLY if you do not have a Realtor with you. The Realtor showing the house represents the seller and is under contract to represent the seller’s best interests. If you are walking through the house saying, “This is perfect!” “This has everything I’ve been looking for!” These give the sellers Realtor cues on how interested you are, and it can weaken your negotiating power down the road if you choose to offer on the house.
In spring market, don’t be surprised if houses get multiple offers. There are certain price points that are fast sellers and it is very common if the house is priced correctly for the market that it will gain a lot of interest. That’s where having a great Realtor is your biggest asset. It is my job as a realtor to know the market and give you guidance based on how to handle these situations.
There are tons of sites out there to view house online. Sites like Zillow and Trulia do not show the most accurate listings. A number of times, I have had clients reach out wanting to inquire about a house from one of these sites, only to find that the house has sold (sometimes even months ago). Stick to sites that are backed by brokerages, such as Coldwell Banker, to ensure you are seeing an accurate list.
Find a Realtor you trust, that picks up the phone when you call, and that is experienced (like me). Seriously. I do this every day. I know the process, I know the art of negotiation, and it is my job to help you and make the process as simple as possible.
Use a mortgage lender your realtor recommends. There are TONS of options out there, but they are not all equal. The lender you choose will play an important role in making sure you understand your budget, your closing stays on track, and follows all the rules and regulations. Realtors work with lenders every day, so they know which ones are top notch to use based on your personal situation.
If you are ready to learn more, contact me today to talk about next steps.