Many of us are hoping to
buy a home this year, however, the competitive market has made it a little challenging.
Here are a few basic things we think you can consider to not only find a great home, but to also find a home that is not beyond your financial means.
Many buyers are hoping to entice sellers by waiving all contingencies and inspections, this may be a good idea for a newer that is only about 10 years old, however, waiving all contingencies and inspections is quite risky for an older home.
The amount of money you would have to spend to fix major issues like pipes, sewers, wiring, and mold, is considerable and well worth the time and effort to buy without waiving all the contingencies and inspections.
Buyers are always advised to write a personal letter; this is a good idea if you are careful. Be sure to consult your lawyer, your agent, or the professionals at Amin Vali Real Estate Investment about the language you are using and the details you are providing. The point of the letter is to develop a personal bond with the seller, while making sure there are no liabilities for the seller or for you as the buyer.
The key to buying a house in a competitive market is having a good agent like Amin Vali, getting all your finances in order, paying attention to detail, and most important of all having patience. Rushing the process of home buying may seem like a good idea, however, patience now will ensure you have a wonderful home you love for a very long time.
Are you still unsure of how you should proceed as a buyer in this market? Talk to us at Amin Vali Real Estate Investments and we will do our best to find you the best.