The New Rules for Buying a Home in Today’s Market

The New Rules for Buying a Home in Today’s Market

In today’s hyper-competitive market, the old rules for buying a home don’t always apply.

 

So what, exactly, are the new rules, and how can you leverage them to buy your dream home?

 

A recent article from realtor.com outlined the rules you need to follow if you want to successfully buy a home in today’s market, including:

 

  • Prepare for a marathon. Finding a home in today’s market is a marathon, not a sprint. Thanks to low inventory, you can’t go into your home search expecting to find and buy your dream home in a few weeks; instead, expect the process to take three to six months — or, in certain markets, up to a year.
  • Don’t lowball your offer. With so much competition in the market, lowball offers are quickly discarded. If you find a home you love, make sure you do everything you can to make your offer as competitive as possible, including offering at or above the asking price.
  • Move fast. Again, the current real estate market is extremely competitive, and that means things move fast. Many homes are listed on a Friday, host an open house or two on the weekend, and then review offers on Monday. If you want to successfully purchase a home in today’s market, you need to be willing to move fast and, in many cases, make an offer immediately upon seeing a home.

Work With Us

At The Hampton Collective, our mission is to redefine the real estate experience through unparalleled education and exceptional customer service. We are committed to leading with kindness and empathy, understanding that every client's journey is unique. Our team is dedicated to advocating fiercely for our clients' interests, ensuring every negotiation is handled with expertise and integrity. We strive to be more than just realtors; we are a dependable resource, guiding our clients through every step of their real estate journey with honesty and transparency. Our goal is to create lasting relationships and positive impact, making every transaction not just a success, but a truly memorable experience.

Follow Us on Instagram