Buyers and Sellers Wish They Would’ve Done Sooner….

Due to the limited inventory on the market, listings seem to be flying off the shelf – especially within a certain pricing bracket.

With the spring home buying season upon us, we are expecting the market to become competitive. Based upon research conducted, when it comes to Home-For-Salethese competitive markets, both buyers and sellers had wished they had prepared a lot sooner.

Over 13,000 people were surveyed and it was found that sellers regretted not preparing their home for selling and buyers regretted not starting their property search sooner.

Zillow Groups chief marketing officer, Jeremy Wacksman, stated that “this spring, both buyers and sellers should be prepared for fast-moving sales, intense negotiations, and even bidding wars.”

Here are a few important tops for home buyers:

  • Keep options open
  • Have a realistic budget
  • Arrange a mortgage in advance

Overall, whether you are selling or purchasing, choosing a good real estate agent is important.

Home Buying: Online Shopping

What’s great about the internet, is that you can do a lot of your shopping online. Did you know that almost 3 out of 4 home buyers actually do their home shopping online!?! What is great about these online searches is that a consumer is able to narrow their search by shopping for specifics, for example the number of bedrooms, number of baths, square footage, garage/parking, lot size, and so much more. They can even narrow down by price range. Homes can be located by ZIP code, price, special features, video tours, pictures. The neighborhoods can be explored via aerial maps, crime statistics, school ratings, and so on.

Shopping online is not as easy as it may sound. (1) There is no single online location with all the listings available in a certain area. (2) You are not always seeing the “freshest” data, it some times takes time for these listings to update to the most current/recent information.

The most and the most recent listings can be made available via a real estate professional. Even if you find a listing through your internet search, confirm with your agent that all of the information for that property is current and correct. With the agents ability to access the local Multiple Listing Service, they will be able to research the necessary information quickly.

The internet is a great place when conducting home research. You can gain information about neighborhoods, home features, and other pertinent factors. It can help in eliminating or adding certain homes and with that research in hand, you’ll be better equipped to make a decision when it comes time to purchase.