Tips for Buying in a Seller's Market

It is a seller’s market with buyers submitting competitive offers; the Premia Relocation Mortgage team believes this will continue. In this hot market it pays to be prepared, especially if you are in your destination location with a short number of days to purchase a home. Be prepared before you tour homes.
  1. Have a pre-approval letter in hand. Premia Relocation Mortgage offers a strong pre-approval with credit, income and assets verified which makes for a solid offer.
  2. Consider making a cash offer with delayed financing. If an asset is available to be liquated or family member can provide a cash gift to purchase the home, the buyer can delay financing 90-days from the purchase date of the home. Once the home is purchased, financing can be secured to reimburse the liquidated asset or family member.
  3. Write a letter to the seller with a personal story. Sometimes, the highest offer does not always win when it comes to selling one’s pride and joy.
  4. Remain true to your budget. Multiple offers and continued negotiation can wear you down. Stay rational and do not offer more than you can afford.
  5. Be flexible when comes the sellers needs such as children moving schools.
The Premia Relocation Mortgage team is here to help you obtain the right home for you. Call us today to start the pre-approval process. 
- May 17, 2021