Buying in a Hot Market

In a super-active real estate market where the inventory of homes is limited and multiple offers are common, buyers should enlist the aid of a real estate agent to draft an offer that will be highly attractive to home sellers. Here are some tips for coming up with an offer they can’t refuse.

Understanding the seller is paramount. The most important factor to all home sellers is the amount of money they will receive for their property. Every homeowner wants to get top dollar for his or her home. If you are buying in a hot market and want to make a competitive offer, you should match the seller’s asking price as closely as possible. This tells the homeowner you are serious, and that you place as high a value on their home as they do.