- 2018 Posts

  1. FHFA Conforming Loan Limits 2019
  2. How 2018 Market Trends Will Affect Wisconsin Buyers
  3. No Money Down Home Loans Appleton Oshkosh Green Bay Wisconsin
  4. Benefits of using FHA for your home loan
  5. Benefits of being a homeowner
  6. Wisconsin local lender vs online lender
  7. Home Loan Pre-Approval
  8. No Money Down Home Loan
  9. Serve and Support Loans
  10. Debt Consolidation and Cash Out

+ 2017 Posts

+ 2016 Posts

+ 2015 Posts

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
rmeyer@gogsf.com
NMLS #222688 & 1018