This summer was great for the real estate market, but what people do not know is that the fall market has even more listings for buyers. The fall real estate market is actually the second most productive market of the year after the spring – best of all, the fall market brings more inventory, but not an increase in prices. This is amazing news for those buyers out there in search of a new property.
Just because inventory is high and prices are low, buyers should not procrastinate when buying a new home. Here are some tips for buyers this fall to leap into action. If you are looking for homes for sale in Bucks County, PA, trust in our local, knowledgeable agents at Joe Bograd.
- Tip 1 – Get Pre-Approved for a Mortgage
The first thing you want to do is get pre-approved for a mortgage before looking for a home. A pre-approved letter shows the seller that you are serious about buying their property. If you really want to impress the seller, you can ask your loan officer to fully approve you so that you already have loan approval before making an offer.
- Tip 2 – Making Your Offer More Competitive
Entering into a bidding war can be stressful and exhausting. In order to avoid this war, you can enter into an escalation clause, meaning that your bid will have to come up by one percent of the asking price. Other ways to be more competitive are to pre-inspect the property and be flexible on the settlement date. Also, you will be more competitive if you don’t have to give up other assets to afford your new property.
- Tip 3 – Don’t Wait. Act Now!
Some buyers might think that waiting to buy a home until the winter market starts is easier and more reasonable. However, the winter real estate market is extremely slow and the amount of inventory decreases. Act now and don’t wait to buy your dream home!
For more information ask your local real estate agent. If you are looking for real estate in Bucks County, PA, then look no further than the award-winning team at Joe Bograd. If you are looking for a change in scenery in Montgomery County, PA, consider looking into homes in Bucks County, PA. There are a lot of fabulous homes for sale in Newtown, PA. Or, if you want to live in a more artsy neighborhood, then try looking for homes for sale in New Hope, PA. If you are looking for a home outside of the Bucks County area, be sure to check our our exclusive new listing on Pawlings Road in Phoenixville, PA and its own You Tube Video.
We would be happy to work with you and provide you with even more property-buying tips. Wherever you chose to look, the agents at Joe Bograd will be happy to place you in the home of your dreams this fall.
For more information on our team at Joe Bograd and our available listings this fall, visit https://josephbograd.com/. To contact our team’s leader about your listing inquiries email Joe at josephbograd@remax.net or call 267-282-1721 to speak to one of our other well-qualified agents.
