5 Ways To Increase Your Chances Of Finding A Home In A Desirable Neighborhood
If you are looking for a particular style of home or a home in a preferred neighborhood, it can be difficult to find available homes for sale. Even when houses are put up for sale in preferred neighborhoods, they are often bid on and taken off the market quickly. Some houses are purchased the first day they hit the market, so it is easy to miss them. However, if you know where to look for a house, your chances of finding one that you love in an area you want to live increase. Here are five ways you can increase your chances of finding your perfect home before someone else does.
Walk Around the Neighborhood
Spending time walking around the neighborhood you want to live in has many benefits. It allows you to make sure that you want to live there while letting you see homes as they go up for sale. You should look for signs in yards and windows indicating a home is for sale. Additionally, you can try to strike up a conversation with people who live or work in the neighborhood. You can casually mention you are looking for a home in the area. Make sure you have a business card to give to people so they can call you if they hear about one of their neighbors selling a home.
Put Out An Ad Of Your Own
Although it is usually houses that are listed for sale and not buyers that are listed as looking, you can improve your chances by taking out a local ad in the paper or online stating that you are looking for a home in a particular neighborhood. An owner may see your ad and decide to contact you before their home is listed for sale.
Find a Real Estate Agent Familiar With the Neighborhood You Want to Purchase In
There are many things that you should look for in a real estate agent, such as proper credentials and solid testimonials. But one of the most important features of a real estate agent is familiarity with the neighborhood where you want to purchase a home. You should make sure they have listings in your area and ask them about previous homes they have sold in the area. If they are familiar with the area, they will be more likely to hear about houses coming on the market before other realtors, which can allow you to get your offer in before other potential buyers.
Check Online Listings Regularly
Besides checking in with your real estate agent regularly, you should check online listings regularly. You may want to sign up for a daily digest summarizing the listings available in your preferred neighborhood. Otherwise, sign into a few real estate websites every morning and check for new listings. This not only makes you aware when a new home is listed, but it also increases your familiarity with the market, which can help you make sure you are offering the right price for potential homes.
Get Pre-Approved For Your Loan
Once you find a home that you want, you will likely need to move fast to put in your offer. You can only do so if you know exactly how much money you will be able to get as a mortgage. Getting pre-approved by a bank will allow you to quickly put in your bid on a home as soon as it hits the market, increasing your chances of getting the home.
While listings in some neighborhoods may sit for months, giving you plenty of time to find your perfect home, listings in preferred neighborhoods tend to sell quickly. Following these five tips will help you find homes as soon as they hit the market or even before they do.