I just bought and sold a house in a very hot market. The things that people are doing right now to stand out in my market were,
- Get pre-approved.
- Write a personalized letter why they should get the home.
- Offer above list price and be willing to pay above appraisal (part of your offer).
- Put your offer in right away. Most people who viewed my home put in an offer within a few hours of seeing it.
- Forgo an inspection to get a faster close date.
- Pay cash if you can.
- Buy new construction, we bought new construction and didn't have to compete with anyone. It costs a little more up front, similar to a new car I imagine, but we plan on staying >10 years if we can help it.
As long as you are financially secure I wouldn't wait for a better market. IMO it doesn't matter if the market is high or low, it only really matters if you leave the market.
- Get pre-approved.
- Write a personalized letter why they should get the home.
- Offer above list price and be willing to pay above appraisal (part of your offer).
- Put your offer in right away. Most people who viewed my home put in an offer within a few hours of seeing it.
- Forgo an inspection to get a faster close date.
- Pay cash if you can.
- Buy new construction, we bought new construction and didn't have to compete with anyone. It costs a little more up front, similar to a new car I imagine, but we plan on staying >10 years if we can help it.
As long as you are financially secure I wouldn't wait for a better market. IMO it doesn't matter if the market is high or low, it only really matters if you leave the market.