Differentiate Yourself From New Jersey Buyers with my 3 Pieces of Advice

There are many great North Central New Jersey area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (973) 214-0691 for a FREE home buying or selling consultation to answer any of your real estate questions.

How to make yourself a Platinum Buyer

I am very glad to announce that we are seeing a strong market again in North Central New Jersey. We are currently experiencing a seller's market and it has been very common for homes to receive multiple offers. We've been seeing buyers come from Hoboken and Jersey City, and even these buyers are being outbid here in Summit.
Because of this, our buyers need a way to stand out from their competition. Becoming a platinum buyer is a great way to do this. Here are a list of things you should do to become a Platinum Buyer.
  1. Get Your Finances Straight: If you can buy with cash, then you will immediately stand out, but if you're like most people, you will probably need a mortgage loan. If this is the case for you, make sure your liquid down payment is readily available so you can show proof of your funds.
  2. Get a Mortgage Pre-Approval: Most buyers will not take you seriously nor consider your offer if your finances have not been reviewed and cleared by a bank. This is another way of saying that you have enough money to buy a home, and most realtors will tell their clients to ignore buyers without Pre-approval.
    • Another option to make yourself look as good as a cash buyer is to waive your mortgage contingencies. If you're pretty sure you're going to get a mortgage, this is a good option for you. I can't exactly explain everything in this short time period, but ask me about this process because it will surely help move your offer to the top of the stack.
  3. Only Agree to Major Inspections: A lot of buyers have been doing this lately. Basically, they have agreed to forgo any cosmetic inspections and agree to only have the crucial infrastructure of the homes inspected. Fixating on leaky faucets or old flooring can really put a seller off, so if you're willing to take this risk, then you can stand out as a buyer.
It is a tough market to be out looking for a home right now, but these are some things you can do to stand out to buyers in our local market. All signs are pointing towards higher interest rates in 2015, so although this is a tough market, it will be even harder to purchase a home affordably if you wait.

If you need any assistance buying a home in Summit, then please contact me at (973) 214-0691 or email me at ACutAbove@ShannonAronson.com

No comments :

Post a Comment