The housing market in Central Ohio is definitely a seller’s market! We are in the midst of a housing shortage. This is a great city and a lot of people are moving here, whether for jobs or our great cultural attractions. Buyers have to be prepared to be very competitive when looking for a home to buy in this market. Here are 3 things to do when buying a home!
Hire the Best Agent
Look for an agent that is a expert on the neighborhood you want live in. A great agent can make your buying experience a pleasure instead of stressful. This market requires careful negotiations, a talented agent can help you to get into your dream home!
Get Pre-approved for Your Loan
In this competitive market a pre-approval letter with any offer is key! You must make sure that is a pre-approval and not a pre-qualification. Pre-approval means that your credit was pulled and the lender will give you a mortgage. Not only does this help when putting in an offer but you will also know which homes you can afford! No one wants to fall in love with a house only to find out that it is out of their price range.
Your agent can help you find the right lender for you. Agents work closely with the lenders to get your home purchase closed so they know who you can trust to handle the transaction properly! Trust your agent to help with with choosing a good lender!
We have mentioned several times that this is a difficult time to buy a home in Central Ohio. You must be patient! Homes are going into contract in a matter of hours in today’s market. It may take a while to find the right home for you. Have fun with the process and be prepared to act fast when you find something you like.
Today’s market is very competitive but with these tips your home buying experience can still be enjoyable!