5 Tips for Buying a Home in the Spring Market

Spring in the Real Estate Market is typically the busiest time of year.  There are more buyers out there looking and properties are selling fast!  The market is more competitive in the spring than in other times of the year.  That is why it is so important to be prepared when you plan to buy a home in the spring market. 


Here are a few tips to help you buy your new home this spring:

Get Preapproved By A Local Lender 
Shop around and find out who can offer the best program for your situation and then get a pre-approval.  Having that in hand will make your offer more attractive to sellers.  Most banks will not even consider an offer on a short sale or a foreclosure property without a pre-approval or a proof of funds letter.

Hire A Buyer Agent 
Choose an agent who knows the area and who you are comfortable with and then sign an agreement to have the represent you.  If you are just calling around to the listing agent, there is nobody looking out for you during one of the biggest purchases you will ever make.  In most cases the fee for the buyer agent is paid by the seller anyway so why wouldn't you have someone working for your best interests? 

Accept That There Is No Perfect House 
Decide what your most important "must-haves" are and what you are willing to compromise on.  No house is perfect...they might need some work, might not have a room as big as wanted, might have less land, or might not be in the perfect location.  What is most important to you?

Prepare To Move Quickly 
When you fall in love with a house, be prepared to make an offer quickly.  In the spring market, properties can sell quickly so if you don't make an offer quickly...someone might beat you to it.

Don't Be Opposed To Negotiating 
This time of year it is common to have multiple offers on the same property.  If you get stuck on getting the house for less that it is listed for, instead of what it is worth, you could miss out on a great house.  Negotiating on closing date can also be attractive to a seller. 

Buying a home is a big decision.  Being prepared and having the right agent to advise you along the way will make the process much easier and give you a better chance at finding your dream home!  Are you ready to start your search? 

Call us today to meet with one of our experienced buyer's agents.

Auburn: (207)784-3800  
Scarborough: (207)289-3830