1. Know exactly what you want
Get crystal clear on the type of home you’re looking for, including size, location, age, number of bedrooms, garage, parking etc. This will help narrow your focus on listings that are a good fit.
2. Get your financing preapproved
In a hot seller’s market, getting your financing preapproved will give you an advantage. Don’t leave this to the last minute, do this now, so when you’re ready to make an offer, you know that it’s one less thing to worry about. This will also be helpful in finding out what your limits are in terms of budget.
3. Be prepared to act fast
When the market is hot, good listings don’t last long. You don’t want to miss out! When you see a listing you like, review everything available online first, then schedule a viewing right away if you feel it could be the one.
4. Know your “no-regrets” price
Great homes in a seller’s market will often get multiple offers and sell over asking price. Ask yourself this – what is the highest amount you are willing to pay for this property with no regrets? Losing out on a home for an amount you would have been comfortable with is disappointing. *Be sure to run any numbers by your bank/lender, you don’t want to mess up any pre-approval you should already have.
5. Consider writing a letter or making a video telling the sellers how much you love their house
Homeowners are emotionally attached to their homes. They take great pride in every room, every upgrade and feature and want their home to go to someone who will love it just as much as they do. By adding a letter, photo, or short video, you are putting a human element into your offer that also makes you more credible. People don’t want to get themselves into deals with others who are shady even if they’re offering more money so adding human element signals that you can be trusted.
Finally, if you’re a first time buyer and not sure where to start, I also have a course on site here, or feel free to reach out and book a phone call with me. I’ve helped tens of clients happily purchase their homes both first time around as well as experienced buyers who just want to level up their lifestyle; either way I would be honoured to help you find and nail down your deal as well!