What You Need to Know About Buying a House This Spring
Spring is the busiest time of year in Real Estate. It is known as house hunting season. The months of April, May, and June account for around 40% of all home sales for the entire year. If you are considering buying a home this Spring, here’s what you need to know.
Inventory is Low and Homes are Selling Fast
Currently, housing inventory in our area is extremely low. Not only is there a exceptionally low supply of houses for sale, but buyer demand is very high. You will have a lot of competition for just a few houses, which means the houses are selling very fast. Homes that are in good condition and are priced right, are selling in just days. In fact, many are even selling within just hours! So be prepared to act fast and get an offer submitted as soon as possible if you love the house. In this market, waiting to think it over can you mean you lose out.
What You Need To Do
You need to prepare yourself to be competitive in the housing market. That means you must be prepared to make a strong offer when you find the right house, and get it submitted quickly.
In addition to making a strong offer price, you must also provide a pre-approval letter with your offer. A pre-approval letter strengthens your offer because it shows the seller that you have the financial capability to purchase the home. So it’s imperative you choose the right lender and get pre-approved before looking at homes.
Start your search online so you can view full details and photos of all available homes for sale. Our Homes For Sale information is a direct feed from the Multiple Listing Service (MLS) and is updated several times a day so you will never miss a new listing!
Thinking of buying a house this Spring?
Call/text The Lowry Team at 513-368-3751.
| Home Values | New Listings | Contact Us |
| Under $200,000 | Under $300,000 | Under $400,000 |