How to be a successful home buyer in a seller's market

For competing in real estate, you have to be prepared and determined in achieving your goal. Shopping in the seller's market is changing through time – the inventory is getting lower and the demand is getting higher.

Considering that buying a home in a seller's market is getting more and more difficult, Terra Dalmatica offers you some tips on how not to get lost along the way and leave the best impression on a seller.

Act quickly and efficiently

Top neighbourhoods do not keep their houses on the market for very long. This means that if you are a buyer who has set his heart on one of the homes in these areas, you have to be ready and prepared to react whenever it's needed.

Contacting a real estate agent can help you calculate some important parameters – sales price to list price ratio, the average number of months for sale in the specific area etc.

Get all the information you might need – property reports, disclosures and offer due dates, which can be useful through the whole process.

With that being said, make sure you put your offer out there as soon as possible!

Be competitive

Be flexible – change and adapt your offer, but keep it simple! That shows you are a serious buyer willing to take a risk. However, you have to be comfortable and confident in your offer.

Think about the highest amount you're ready to pay and determine which compromises you are willing to make.

To be as efficient as you can, think ahead – choosing a house with the asking price lower than your maximum budget leaves you the space to beat some tough competition.

Stand out from the crowd

Before making an offer, consider the asking price first. Set your limits and work your way through.

Start with the price closest to the asked one, or immediately offer a little more. Also, remember that great advantages are a cash offer or a big payout.

Be open for communication – show your seller you can give them enough time to move out. That way, you can remove the pressure, which they already have plenty of.

Connect with the seller

Selling a home is always a big deal. Having to decide who is the right buyer is never easy. To increase your chances of being the chosen buyer, write short and to the point letter. Tell the seller what you like about their home, compliment the owner and explain why you are a perfect choice.

For any dilemma or just for advice, Terra Dalmatica has a list of real estate offers ready to show you and help you choose and buy your dream home. Their years of experience guarantee professionalism and maximum investment in their clients.

Taking everything into account, the most important thing is to prove how serious you are. Put yourself in the position of a seller and think what would you want for your buyers to show you.