Houlihan Lawrence Inc.
Anna Teyssonniere de Gramont, Houlihan Lawrence Inc.
Email: [email protected]
Tips for Buying a Home in a Seller's Market

by Anna Teyssonniere de Gramont 09/30/2018

What does it take to acquire a top-notch home in a seller's market? Ultimately, it may prove to be a lot of work, especially for first-time homebuyers.

In a seller's market, there is an abundance of homebuyers and a shortage of home sellers. As a result, high-quality houses sell quickly, and homebuyers who lack real estate insights may miss out on an opportunity to purchase their dream residence.

Lucky for you, we're here to teach you about the ins and outs of a seller's market and ensure you can secure a first-rate house in any housing market, at any time.

Now, let's take a look at three tips for homebuyers who want to purchase a house in a seller's market.

1. Understand Your Homebuying Needs

Know what you want to find in a dream home before you start checking out properties. That way, you can narrow your home search and pounce on new homebuying opportunities as soon as they become available.

Creating a list of must-haves for your dream home may prove to be a great idea. This list will enable you to refine your home search and accelerate the homebuying process.

Also, consider your immediate and long-term home needs. If you plan to raise a family in a new home, you may want to consider exploring houses that are close to schools. Or, if you don't own a car but work in a major city, you may want to assess properties near public transportation.

2. Examine Your Finances Closely

Let's face it – the temptation to outbid rival homebuyers can be overwhelming in a seller's market. However, homebuyers who understand what they can afford can map out their home search accordingly.

Get pre-approved for a mortgage before you start looking at homes in a seller's market – you'll be glad you did. With a mortgage in hand, you'll know what you can spend on a new house and tailor your home search based on your budget.

Don't forget to meet with several banks and credit unions to explore all of your mortgage options as well. By doing so, you can learn about different mortgage options and select the right one based on your finances.

3. Work with a Real Estate Agent

A real estate agent understands that buying a home in a seller's market can be exceedingly difficult. As such, he or she will do everything possible to help you purchase a great residence at an affordable price.

Collaborating with a real estate agent is a must, especially for homebuyers who are operating in a seller's market. A real estate agent can set up home showings and negotiate with home sellers on your behalf. Plus, he or she can keep you up to date about new houses that will meet or surpass your expectations.

Buying a home should be a fast, easy process, even for homebuyers who are searching for a residence in a seller's market. Thanks to the aforementioned tips, you should have no trouble navigating a seller's market and acquiring a superb residence.

About the Author

Author
Anna Teyssonniere de Gramont
About My Life Polish born, French by marriage, American Resident since 2004. I know first-hand the stress and excitement of moving. With my husband and our 3 children we lived in Warsaw (Poland), Versailles (France), Singapore (Singapore), Chesney (France), San Francisco (California) and now Scarsdale (New York). I have earned Master’s Degree in Business Administration from Warsaw School of Economics. After working for a number of years in Finance Department for BOC Gases in Warsaw and Singapore, I dedicated my life to raising my 3 children, supporting my husband and taking care of our multiple homes. Since we settled down in Westchester, I have been actively involved in my children's schools' life. I offered volunteer work to Lyceum Kennedy, French American School of New York (FASNY) as well as Thornton Donovan School in New Rochelle. Recently, we have adopted a dog named Teepee from Pet Rescue in Harrison. Besides English, I speak Polish (native), French and some basic Russian. About My Work Whether you want to sell, buy or rent, we will work as a team. I strongly believe communication is key in building our relationship. You should never hesitate to pick up your phone and call or text me. I will always do my best to get you an answer or point you to a reliable resource. In this very competitive business of real estate, satisfied clients are the key to my success. Let me show you what I can do for you. Selling a home is a very important decision. Some try to sell their home by themselves. It is understandable, but 80% of homeowners hire a professional in order to sell quickly and for the best price the market can offer. Real Estate agents constantly monitor their local market. I have seen countless houses in every price range in many neighborhoods in Westchester. This extensive experience, helps me price your home right for the current market condition. We will work together to prepare your home for sale and professional photographs. Houlihan Lawrence lends their angent the best marketing tools to advertise your home. I will manage the showings for you and help negotiate the best price. Give yourself the best chance to find a qualified Buyer, so you can quickly and smoothly move to wherever you wish to be next. Talk to a professional Realtor. Talk to me. Buying a home is one of the most important decisions in life and for most people the biggest financial commitment, too. There is more to buying real property than finding a pretty home on-line. It is a process. It may go smoothly, if you understand it well and come prepared. As your agent, I can offer guidance and market information you need. I will show all the houses you will want to visit. I will verify information provided on the listing, I will give you information about its history and similar houses sold in the neighborhood to help you negotiate. As your agent, I will always have your best interest in mind! Don’t give up the chance to have a professional on your side. My area of expertise is buying, selling and renting residential properties in Lower Westchester NY: White Plains, Rye, Harrison, Mamaroneck, Larchmont, New Rochelle, Scarsdale, Bronxville, Edgemont, Eastchester, Hartsdale, Hastings-on-Hudson, Dobbs Ferry, Irvington, Ossining and Yonkers