A common problem for prospective real estate buyers is finding out too late that their perfect home became available and was snapped up by another eager buyer before they had a chance at it. This type of competitive buying landscape is a common problem and becomes worse during the spring, summer, and fall because that is when the largest groups of buyers are searching for houses to purchase. If you are tired of the roller coaster ups and downs involved in calling to see a new listing only to be told that it is already under contract, these tips can help you beat your competition and succeed in purchasing the home of your dreams.
Check with lenders
Making contact with local lenders in the area in which you would like to find a home to purchase may help you find out about homes that will be available soon. Lenders typically maintain a list of outstanding mortgages that have recently been placed into the foreclosure process. In some instances, the bank and the homeowner who is being foreclosed on may be willing to entertain a short sale to stop the foreclosure process.
Drive the neighborhood
Most prospective buyers have a good general idea of the neighborhood and school district in which they hope to purchase a home. Using this information, buyers who want to stay up-to-date on available homes for sale in their favored areas should consider driving or walking through them every few days. It is also a good idea to make friends with someone who already lives there to alert you to any information they may hear about a neighbor who plans to sell or to tell you when a "for sale by owner" sign suddenly appears.
Use a "searching for" ad
Another great option for finding the perfect home to purchase in a difficult marketplace is to run classified ads in newspapers, online classified sites, and on social media that you are looking for a home to buy. When creating the ad, always remember to include your desired features and area, as well as the price range you are willing to pay. This type of ad can stimulate interest and responses from homeowners who are planning to sell in the future but have not yet put their home on the market.
Work with a professional
Finding the perfect home can take time and effort, especially in real estate markets that are heating up. Often, the very best option for quickly finding out about available homes to purchase is to work closely with an high-energy real estate professional who specializes in listing and selling homes in the area where you would like to purchase your next home. When you need to find real estate in a particular area, contact a real estate agent.