Recently, we’ve had a shortage of inventory. This has led to a lot of bidding wars due to the hot competition over our currently limited supply.
One option buyers are turning to in these competitive times is asking the help of parents and other family members.
With the help of a family member, many young buyers are able to beat out the competition by putting forward cash offers. Of course, the mortgage can always be refinanced after closing, but this is a great way to secure a deal.
If you’re unable to pay cash, you can also write an offer with fewer contingencies and a strong down payment. This is another thing that can make your offer stand out in today’s hot market.
I hope keeping these tips in mind will help you as you enter our low-inventory, high-demand market.
If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.