The Spring market is traditionally the busy season of real estate, which means great things for buyers and sellers alike. Life has settled down after the holidays and the New Year, which means sellers are ready to put their homes on the market, which means an increase of housing inventory. Likewise, buyers are also ready to make the jump into home ownership, which means an increase of housing demand as well. If you’re planning to buy this season, here are some tips that you can utilize to make the most of your home buying process.
1. Understand your financial profile. By meeting with a reputable mortgage lender, you’ll have a better idea of how much home you can afford. Also, if you obtain a certified pre-approval document, the closing process will be that much simpler. Most sellers also require buyers to be pre-approved prior to accepting an offer these days. The right lender will make all the difference in a relatively stress-free home buying process.
2. Prioritize your wants and needs. Decide what will be most important for your home search and also be willing to compromise on your wants. If a certain number of bedrooms or being in a certain school district is a non-negotiable item for you, be sure to let your agent know. By prioritizing these in advance, you’ll avoid wasted time during your search.
3. Take advantage of the weather. Hawaii is traditionally known for beautiful weather, year-round, but Spring particularly brings breezy trade winds and sunny clear skies. Take advantage of the beautiful weather and go on a leisurely drive through neighborhoods you love and stop in at some open houses. These are great, low pressure ways to see homes you’re interested in and get a better idea of your wants and needs.
4. Be flexible. During the busy spring market, there is increased competition from an influx of other buyers who want the same thing you’re looking for. Multiple offer situations are a reality of real estate and you will be bidding against buyers who desperately want their dream home as much as you do. Prepare yourself for the worst with the mindset that you may get rejected during your first 5 offers, but also discuss with your real estate agent on how to make your offer as competitive as possible and different incentives that will sweeten your deal.
5. Work with the right person. Working with a great real estate agent is one of the easiest ways to ensure a great home buying process. I’d highly suggest a Caron B Realty agent for their personalized service and dedication to high care and results, but I may be a little biased.