Key Takeaways
- In this competitive market, be proactive and get started making offers before mortgage rates and home prices rise.
- Adjust your timeline to be more flexible and incentivize sellers to choose your offer over others.
- Don’t wait any longer—contact the experts at Linda Craft & Team to start making offers on your ideal home in the Triangle area today!
With another year of fierce competition in the housing market ahead, homebuyers are searching for every advantage they can get. Thankfully, there are two ways you can ensure you have success, even in a seller’s market!
Start Early for Big Savings
With spring just around the corner, it’s time to be proactive. The sooner you make a move this year, the more affordable your new home purchase will be. Experts are forecasting rising mortgage rates as 2022 goes on. Freddie Mac is predicting 3.5% rates for the average 30-year-fixed mortgage by the end of the year, and home prices will continue to rise, as well.
So don’t wait! The longer you wait, the more it will cost you to buy a home, both in terms of interest rates as well as the cost of the home itself. Act early and lock in your rate as soon as you can. Plus, since home values will continue to go up, getting in early means you’ll start building equity faster and see the value of your investment sooner.
Work With a Flexible Timeline
One of the biggest ways to stand out in a sea of offers on a home is through a flexible negotiation. Since a home seller will most likely also be navigating their own home buying journey, understanding the fluctuations in the market and offering unique terms makes your offer all the more attractive.
Realtor.com explains how flexibility can entice sellers: “For buyers with more flexible timelines – such as those making a move from a big city – offering a couple extra months on the closing date could sweeten the deal for sellers who also need to buy their next home.”
Lock in your new home purchase now before prices rise, but delay your actual move-in date to provide the seller with the extra time they need to find their next home. It’s a win-win for everyone involved and makes for a smooth, successful home buying experience.
Let’s Find Your Next Home
To stand out to a home seller, you’re going to need an expert real estate team behind you every step of the way. Linda Craft & Team understands how to navigate competitive markets and has plenty of creative ideas for our clients. So contact us or call us at 919.235.0007 to get started today!