|Making It Easier to Gain the Edge in a Tight
you feel like there are fewer homes on the market in Chicagoland, you're right. You might
also be wondering how you, as a buyer or seller, can find success in this new normal of low
First, remember that there is a home out there for everyone, so let me make the process
of finding the right buyer or seller for your new home easier for you in this tight market.
Let's start with the following tips to keep things in perspective:
The Price is Right
It's easy to feel
overconfident when there's a short supply of homes on the market, but I can't stress
enough how none of that matters if you don't set the right asking price. Overpricing can
often backfire and lead to fewer offers — especially if the appraisal doesn't meet
the value — so let's work together to strike the perfect balance of maximizing your
asking price while keeping it within reach of your target buyer.
How to Handle Multiple Offers with Finesse
offers can be a good thing if it's handled in the right way. That's where I can help. I
know how to navigate multiple offer scenarios in order to find the right buyer at the right
price to avoid potential price-war fallout. And I can work with you to make buyers feel
confident that they have made the right purchase.
Act Like a Boy Scout and Be Prepared
With more buyers than
sellers on the market, it's never been more important to line up your financing in advance
so you can make a strong offer. If a new listing comes online, you want to be ready to pounce.
This means getting preapproved if this is your first home, or speaking to a financial advisor
to help figure out what you can afford. I can also put you in touch with a mortgage expert to
increase your odds of success.
Set Up a Winning Offer
One of the smartest
strategies in a tight inventory is to determine how high you're willing to bid on a home.
For example, if I have clear direction that it's okay to offer $3,000 more during
negotiations without waiting for you to sign off, it can save time and help your offer rise to
the top. On that note, it can be easy to get caught up in a bidding war only to have remorse
later. So let's work together to find a number you're comfortable with, and one
that's strong enough to win you the house.
Market Stats Report E-card Offers Neighborhood Data Tour
shopping for a home, you're also shopping for a neighborhood. That's where Baird &
Warner's Market Stats Report e-card can make it easier for buyers to understand
neighborhood housing data at a glance. Our e-card delivers dynamic charts containing
information on a specific community, such as the number of properties listed, median prices,
and days on market directly to your phone or tablet. Ask me how you can start receiving the
Market Stats Report e-card today.
Student Loan Debt? Key Mortgage Can Help You Buy a Home
Millennials may be
saddled with more student-loan debt than their parents, but that doesn't mean their dream
of homeownership has to be shelved. In fact, independent mortgage companies can actually make
buying their first home easier than they think. Esther Phillips, senior vice president of Baird
& Warner preferred lender Key Mortgage Services
Inc., recently wrote more about the borrowing options available to young homebuyers in the
respected industry publication Scotsman Guide. Let me know if you'd like to speak with a Key Mortgage
representative and learn more about these options.