Purchasing a Home when it’s a Seller’s Market in Fort Lauderdale Many prospective home buyers ask if it’s wise to purchase a house during a seller’s market. In many areas of the US, prospective homebuyers have noticed the lower numbers of homes that are currently listed for sale. According to numerous sources, these circumstances aren’t expected to improve anytime soon. When this happens, we have what is commonly referred to as a “seller’s” housing market. So how do you find the home you want when this condition exists? Here are several helpful tips: • Educate yourself about what is involved when buying a home. • Know what you are looking for and act on it when you find it. • Get pre-approved and have a price range in mind. • Have your financing options lined up. • Expect to put additional money down when submitting your contract. • Minimize all contingencies and lower your expectations. • Most importantly, be ready to walk if you can’t reach an agreement with the seller. Should you offer the seller more than the price they’re asking? In a seller’s market, this is not an uncommon occurrence. However, you have to know if the house is right for you. Keep in mind that outbidding the competition may be the only way to secure the deal. If all else fails, be prepared to keep searching. Florida State Mortgage Group, Inc. 1512 E Broward Blvd #204A, Fort Lauderdale, FL 33301 https://www.google.com/maps?cid=5464149498827190981