Tips for Home Buyers

The real estate market trends with the weather here in the Twin Cities. As the weather cools, housing activity cools along with it. However, as of October 2020, buyer activity continues on a months-long trend of remaining substantially higher than the same time last year, and home inventory is not keeping up with buyer demand.

 

If you’re in the market to buy a home, you don’t need anyone to tell you what that means. It’s only been the bane of your house hunting experience: competing with every other buyer in the land, as one home after another goes into multiple offers.

 

You know the drill. You find a house, tour it, love it, write on it. Then you wait (and wait…and wait) for an answer, only to be rejected and forced to start house hunting all over again.

 

How do you get off this emotional rollercoaster and into your new home?

 

Beyond being ready-to-write—with a lender preapproval in hand and working with an attentive (and aggressive) realtor—you should also have a winning-offer-writing-strategy, so you are ahead of the game when it’s go-time.


Status Definitions

For sale: Properties which are available for showings and purchase

Active contingent: Properties which are available for showing but are under contract with another buyer

Pending: Properties which are under contract with a buyer and are no longer available for showings

Sold: Properties on which the sale has closed.

Coming soon: Properties which will be on the market soon and are not available for showings.

Contingent and Pending statuses may not be available for all listings