How To Successfully Buy a Home When the Inventory is Low from Mike Novak on Vimeo.

How To Successfully Buy a Home When Inventory is Low

It’s no secret that the market is hot right now. Just check out our January 2018 real estate market report for Snohomish County - homes are selling like crazy in an average of just nine days on the market.

This raises the question: with all the competition out there, how can home buyers expect to successfully buy a home? Let’s take a look at some tips for winning in a market with such low inventory.

First Steps in the Home Buying Process

With all the competition out there, it's important that you do a little planning before you start looking at homes. We sit down with our clients in a free buyers consultation before we start looking for houses, for three main reasons:

1. Establish buying criteria. We set up alerts so that you’ll be one of the first to know when a home you’re looking for goes up for sale. We also want to know exactly what you’re looking for so that we can be on the lookout.

2. We want to get them up to speed on the current market. When the right home goes up for sale, there’s not a lot of time to think about it. Understanding the current Snohomish County market will help you identify a deal the moment it hits the market.

3. Start the loan pre-approval process. There’s nothing worse than finding the perfect home, putting in a winning offer, and then losing the deal because of lack of financing. We’ll put you in touch with trustworthy lenders who can get you pre-approved and make sure that doesn't happen.

Improving Your Time to Showing

Timing is everything. When the right home goes on the market, you’ll want to go see it that same day. Doing so drastically improves your chances of striking a deal - the longer you wait, the better the chance you’ll either miss out completely or end up in a multiple offer situation. We have a team of ten agents, and one of us is always available for showings. That means that no matter what day of the week it is, you’ll be able to see the homes that interest you.

Find the Perfect Property

Ready to get started? We have a few resources to help make the process as smooth as possible. Check out our:

• Snohomish County Market Reports

• Our buyers guide to the current market (fill out a form below and we’ll send the most updated version right over)

• In a buyers consultation we can sit down and answer all of your questions, and get the process started on the right foot.

• Our website integrates with the MLS, so you can check out all the Snohomish County Listings here.

It’s a hot market right now, but that doesn’t mean it’s not a great time to buy! Get in touch below and we’ll send you these resources and get things moving in the right direction.