- 2019 Posts

  1. Is It Time to Refinance? Here Are The Steps You Need to Take
  2. Saving For Your First Home? Here’s Everything You Need to Know
  3. Options, Options, Options
  4. A Personalized Approach
  5. Credit Confusion
  6. Building Your Dream Home
  7. Tax Time in Wisconsin
  8. Don’t Let Intimidation Get in the Way of Home Ownership
  9. Setting Financial Goals for the New Year
  10. Buying a home after bankruptcy

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Home Buying during a Sellers Market

March 14, 2016

If you are considering purchasing a home, don't wait! Real estate has become increasingly a seller's market. All forecasts are indicating this is not going to change any time soon! A seller's market means there is limited homes available to purchase and that recently listed houses are selling quickly.


Home buying is a growing trend and new buyers are gobbling up the avaliable houses as soon as they go on the market. We are only expecting this trend to grow as summer approaches. The busy market means homes are priced correctly for the current values, and buyers are wise to get offers in quickly to get the home they really want. The days of low balling an offer have come to end. A savvy home buyer knows if they really want that dream home, they will have to offer what the seller is asking, or more, in some cases.


How can you make sure you get the dream home you really want? It's more important then ever to get pre-qualified for your home purchase. Going into home shopping prepared is critical in a seller's market! It's easy for your home lender to assess your buying potential and help you determine what you can afford. Sellers are much more likely to take you offer seriously if they know you have determined your loan elligiblity.


Nearly half of today's sellers are reporting that they have recieved multiple offers on there homes within the first 2 weeks. Now is not the time to casually make an offer and then seek out financing. When a seller is considering multiple offers, they will surely consider the buyers that are pre-qualified. If a buyer expects the seller to wait while they visit their lender, they are wasting precious time, and could find themselves in a bidding war when by the time they return to the table. With the seller's market in full swing, sellers are no longer feeling the pressure to take the first offer that comes to them. So when you enter the home purchase arena, it's best to be prepared and have spoken to your finance expert.


Contact GSF Mortgage today and let us help you to secure your dream home!



Ron Meyer
GSF Mortgage Corporation
300 Patriot Dr.
Little Chute, WI 54140
(920) 788-9608
NMLS #222688 & 1018