Ryan Seward - RE/MAX Select Realty



Posted by Ryan Seward on 1/10/2019

Let's face it buying a home in a hot housing market is no easy task. For example, if you wait too long to submit an offer on a house, you risk losing this residence to a rival buyer. On the other hand, if you rush to submit a home offer at or above a seller's initial asking price, you risk spending too much to acquire your dream residence.

Clearly, there's a lot to think about as you search for a home in a hot housing market. Lucky for you, we're here to help you overcome myriad homebuying hurdles and acquire your dream residence, even in a hot housing market.

Let's take a look at three tips to help you succeed as a homebuyer in a hot housing market.

1. Narrow Your Home Search

You know that you want to live in a specific city or town, but you still are uncertain about what type of house that you want to purchase. However, if you create a list of home must-haves and wants, you can narrow your house search and speed up the homebuying process.

Once you have a homebuying checklist in hand, you should have no trouble evaluating residences in a hot housing market. Then, you can check out these houses in person and move one step closer to submitting an offer to purchase your dream house.

2. Get Pre-Approved for a Mortgage

To acquire a home in a hot housing market, you'll likely need a mortgage. Thankfully, lenders are available that can teach you everything you need to know about a wide range of mortgage options.

Lenders can explain the differences between adjustable- and fixed-rate mortgages, describe exactly how a mortgage works and much more. That way, you can assess many mortgage options and select one that matches your finances.

After you obtain a mortgage, you can enter a hot housing market with a homebuying budget. This will enable you to further accelerate your home search and ensure you can quickly submit an offer as soon as you discover your ideal residence.

3. Collaborate with a Real Estate Agent

Navigating a hot housing market sometimes can be tricky, particularly for a homebuyer who is competing against dozens of rivals. But if you hire a real estate agent, you can receive comprehensive support as you pursue a home in a hot housing market.

A real estate agent is ready to assist you in any way possible. This housing market professional will offer insights into the real estate conditions in a particular city or town and help you map out your homebuying journey accordingly.

In addition, a real estate agent understands exactly what it takes to buy a residence in a hot housing market. He or she will help you put together a competitive offer on any home, at any time. And if your offer is rejected, a real estate agent will help you regroup and reenter a hot housing market so you can find your dream home.

Ready to buy a home in a hot housing market? Use the aforementioned tips, and you can accomplish your homebuying goals faster than ever before.




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Posted by Ryan Seward on 10/25/2018

If you decide you're ready to purchase your dream house, you should submit a competitive homebuying proposal from the get-go. Otherwise, you could risk missing out on the opportunity to acquire your ideal residence.

Submitting an offer to purchase your ideal house that meets the expectations of a property seller can be simple. Now, let's take a look at three tips to help you craft a competitive offer to purchase your dream house.

1. Examine the Local Housing Market

The price of a home in a big city may prove to be much higher than the price of a comparable house in a small town. Much in the same vein, a housing market that features an abundance of sellers is likely to be far different from a market that includes many buyers. However, if you assess the local housing sector closely, you can identify real estate market patterns and trends and craft your homebuying proposal accordingly.

Oftentimes, it helps to look at the prices of recently sold houses in the city or town where you want to live. You also may want to find out how long these homes were available before they sold. That way, you can differentiate a buyer's market from a seller's one and put together a competitive offer to purchase based on the present's real estate sector's conditions.

2. Analyze a Home's Age and Condition

A brand-new home may prove to be more expensive than an older house that is in need of major repairs. Comparatively, a recently renovated house is likely to be a great choice for buyers who want to avoid property repairs, while a "fixer-upper" home may be a top option for those who are ready to tackle property repairs on their own.

As you analyze a home's age and condition, you should consider how much you are willing to pay for this residence. It sometimes helps to consider potential home upgrades and repairs that may need to be completed. And if you evaluate possible home improvement costs, you can account for these expenses in your offer to purchase.

3. Consult with a Real Estate Agent

A real estate agent is a homebuying expert, and his or her goal is to ensure you can acquire a great house at an affordable price. Thus, if you collaborate with a real estate agent, you can put together a competitive offer to purchase in no time at all.

Typically, a real estate agent will offer housing market insights that you may struggle to find elsewhere. And when you're ready to submit an offer to purchase your dream home, a real estate agent will help you craft a homebuying proposal that is sure to get a seller's attention. Plus, a real estate agent will negotiate with a seller's agent to help you get the best price on your ideal house.

Ready to submit an offer to purchase your dream home? Use the aforementioned tips, and you can put together a competitive homebuying proposal and quickly accomplish your homebuying aspirations.





Posted by Ryan Seward on 8/2/2018

If you want to purchase your dream house at a great price, you should monitor the real estate sector closely. That way, you can identify housing market patterns and trends and map out your homebuying journey accordingly.

Now, let's take a look at three tips to help you track the housing market so you can speed up your home search.

1. Analyze the Prices of Recently Sold Houses

Take a look at the prices of recently sold houses in your preferred cities and towns. Then, you can use this housing market data to understand the average price range for houses in areas where you want to live.

As you review the prices of recently sold houses, you may want to narrow your homebuying criteria as well. With homebuying criteria in hand, you'll be better equipped than other buyers to seamlessly navigate the property buying journey.

2. Find Out How Quickly Houses Are Selling

Differentiating a buyer's market from a seller's market is key, particularly for a buyer who wants to achieve the best-possible results. If you find out how quickly residences are selling in your preferred cities and towns, you can distinguish a buyer's market from a seller's one.

In a buyer's market, there is an abundance of sellers and a shortage of buyers. This means buyers will find lots of outstanding houses at their disposal.

Comparatively, in a seller's market, there is an abundance of buyers and a shortage of sellers. If you're a buyer operating in a seller's market, you likely will need to bid competitively to acquire your ideal residence.

Once you determine whether you're preparing to enter a buyer's or seller's market, it generally is a good idea to plan ahead for the property buying journey as much as possible. If you know exactly what you want to find in your dream house and where you want to live, you can quickly and effortlessly discover your ideal residence in any housing market, at any time.

3. Assess Houses That Fall Within Your Price Range

Many houses are available in cities and towns nationwide, but it is important to determine exactly how much you can spend on a residence prior to entering the real estate market. If you establish a homebuying budget, you can review the prices of houses that fall within your price range. Perhaps most important, you can avoid the risk of spending too much to acquire your ideal house.

As you kick off a home search, you may want to collaborate with a real estate agent too. A real estate agent is happy to help you pursue houses in your preferred cities and towns and find one that matches your expectations. Plus, a real estate agent will help you submit an offer to purchase your dream home that hits the mark with a seller.

Ready to conduct a home search? Use the aforementioned tips, and you can perform an extensive analysis of the real estate market and boost the likelihood of a successful property buying experience.




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Posted by Ryan Seward on 7/5/2018

When it comes to buying a house, there is no need to deal with a stubborn home seller. However, you may encounter a stubborn home seller, regardless of how well you prepare for your homebuying journey. And if you're not careful, a stubborn home seller may cause you to miss out on an opportunity to purchase your ideal residence.

Don't let a stubborn home seller get the best of you. Instead, use these tips to ensure you can handle negotiations with a stubborn home seller like a pro.

1. Don't Panic

If you are forced to deal with a stubborn home seller, there's no need to get discouraged. Conversely, consider the property seller's perspective, and you may be able to get the best results out of a tough situation.

Open the lines of communication with a home seller you'll be glad you did. If you maintain open communication, you may be able to find out the root cause of a home seller's stubbornness and plan accordingly.

Also, don't panic if a home seller fails to communicate with you, and try to avoid assumptions at all costs. By doing so, you'll be able to remain calm, cool and collected and maintain your patience as you try to figure out the best way to acquire your dream house.

2. Be Prepared for the Best- and Worst-Case Scenarios

In the best-case scenario, a stubborn home seller will explain his or her demands. Then, you can negotiate with a home seller, find common ground with him or her and work toward finalizing a home purchase agreement.

On the other hand, it is important to understand the worst-case scenario as well.

In the worst-case scenario, you and a home seller may be unable to find common ground. And if this occurs, you should be prepared to walk away from a potential homebuying negotiation and restart your search for the perfect residence.

3. Consult with a Real Estate Agent

Are you unsure about how to deal with a stubborn home seller? There's no need to worry, especially if you consult with a real estate agent.

With an expert real estate agent at your side, you should be able to overcome any potential homebuying hurdles.

An expert real estate agent will act as a liaison between you and a home seller. He or she will learn about the needs of a homebuyer and home seller and ensure both parties can achieve their ideal results.

Furthermore, an expert real estate agent can respond to any homebuying concerns and questions. This housing market professional can teach you about the ins and outs of purchasing a residence and provide honest, unbiased homebuying recommendations. As a result, a real estate agent can help you simplify the homebuying process and ensure you can secure a first-rate house that matches or exceeds your expectations.

Ready to streamline the homebuying journey? Take advantage of the aforementioned tips, and you can get the support you need to deal with a stubborn home seller.




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Posted by Ryan Seward on 10/19/2017

Looking to buy a house? Ultimately, you'll want to attend at least a few open houses in your city or town. By doing so, you'll be able to understand exactly what you'd like to find in your dream house.

Before you attend an open house, there are several factors to consider, and these include:

1. Your Homebuying Budget

With a budget in hand, you can narrow your search for the ideal home. That way, you can avoid the temptation to attend open houses for residences that fall outside your price range.

To establish a homebuying budget, take a look at your current financial situation. Then, consider your future expenses like those related to student loans or children and plan accordingly.

In addition, it never hurts to get pre-approved for a home loan. If you gain pre-approval, you can enter the housing market with a budget in hand and review a broad array of houses that match your budget.

2. Your Homebuying Checklist

If you're living to a warm-weather climate, you may want to own a home with a swimming pool. Or, if you plan to reside near the ocean, you may consider houses where you can dock your boat nearby.

Create a homebuying checklist before you visit open houses. This will allow you to streamline your home search and accelerate the homebuying journey.

Also, it may help to separate your homebuying checklist into "wants" and "must-haves." Although your dream house may not include all of your homebuying checklist "wants," you can use these categories to determine exactly what you'd like to find in your ideal residence.

3. Your Homebuying Timeline

Are you planning to move next week or in the next several weeks? Some homebuying journeys are faster than others, and you'll want to map out your property buying journey based on when you need to move.

For example, if you've accepted a new job in the city, you may need to move quickly to relocate. This may require you to act so you can get settled in a new home before you begin your new job.

Comparatively, if you're in no rush to relocate, you can take a wait-and-see approach to the housing market. And if you attend an open house and like what you see, then you can submit an offer to acquire a residence.

If you're unsure about how to approach open houses, there is no need to worry. In fact, many real estate agents are available in cities and towns nationwide to assist homebuyers.

A real estate agent can offer expert insights into a home before a homebuyer attends an open house. Plus, this housing market professional can provide honest, unbiased homebuying recommendations and will even negotiate with a home seller on a buyer's behalf.

Get ready for an open house consider the aforementioned factors, and a homebuyer should have no trouble exploring a broad array of residences and finding one that he or she can enjoy for years to come.




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