Thanks for taking the time to stop by my blog! It could be that you’re interested in buying a Lake Nacimiento home this spring and you’re beginning to do your research; which is always a great first step! Whether you’re buying an Oak Shores or Heritage Ranch home as your new place of residence or you’re finally taking that step to buy the vacation home of your dreams, taking time to get fully prepared for this large financial investment will make the entire home buying process run much more smoothly.
Buying a Lake Nacimiento home in the spring is an exciting time as the market really picks up with buyers and sellers jumping into the Lake Nacimiento Real Estate market. While this can result in fresh homes on the market, it can also translate into a more competitive market for buyers.
As an experienced Lake Nacimiento Real Estate agent, I thought it would be helpful to give you some inside tips that will help you navigate the busier spring market. Finding the home on Lake Nacimiento that meets your needs and lifestyle perfectly, and then finding out that you’ve been outbid can be heartbreaking. However, this can be avoided! Take a few minutes to review these four ways to avoid being outbid.
1. Beat the Crowd- Make it clear to your Lake Nacimiento Real Estate agent that you want to be made aware of new Lake Nacimiento homes as soon as they come on the market. This will help ensure that you are on top of the competition in seeing new homes and being able to make the first offer. You’ll also want to keep your offer deadline as tight as possible so the listing agent has less of a chance to entertain other offers.
2. Do Your Homework- Many people are not able to pay all cash for a home. However, having a letter from your lender stating how much you’re qualified for will give you a boost! You want to know exactly what you’re able to spend before beginning your Lake Nacimiento home search. Be aware that the average down payment in today’s Lake Nacimiento Real Estate market is around 20%. This type of preparation will help set you a part from the competition.
3. Aim High- It seems to go without saying that sellers tend to be more interested in the highest offer rather than an all cash offer. Your Lake Nacimiento Real Estate agent should provide a Comparative Market Analysis (CMA) of homes on the Lake Nacimiento Real Estate market that have recently sold or are currently on the market. This will give you a good idea of what other homes like the one you’re bidding on are selling for and will help you come up with a reasonable offer.
4. Relax- A demanding buyer can deter sellers, so it’s wise to be patient. Although the national housing market is improving; sellers are still aware that buyers have the upper hand. It could be that the seller is also forced to sell due to extenuating circumstances, so the selling process can be a sensitive time. Be willing to work with the sellers’ time constraints on closing dates and don’t demand help with closing costs if you find you’re getting a good deal on the Oak Shores or Heritage Ranch home. Being in tune with the sellers needs can be a great way to make the seller feel good about accepting your offer.
Armed with these tips, you’ll find you have a great chance of getting your dream home on Lake Nacimiento! Of course I’m always here to help answer your questions and would enjoy the opportunity to guide you through each step of the home buying process.
I look forward to hearing from you!
Your Local Lake Nacimiento Real Estate Expert
Oak Shores Realty
Oak Shores Realty specializes in Oak Shores at Lake Nacimiento properties. Please contact us today to get more information on Lake Nacimiento lake homes. Oak Shores Realty can also provide you an insiders “Lake Nacimiento Buying Guide” with great information including maps and market information.
Please let us know how we can help!