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It’s easy to see why you would want to buy a home in Lakeville, Minnesota. This Minneapolis suburb is picturesque and filled with friendly neighbors ready to greet you. In fact, Lakeville is one of the most family-friendly cities outside of the Minneapolis city center. But as houses get swept off the market in record time, it can feel daunting to find your perfect home. So how can you find your dream home in this beautiful city, despite the seller’s market?
1. Hire a Professional Lakeville Realtor
Now, more than ever, you need a realtor familiar with the area and well-versed in the market. Browsing on listing websites just won’t cut it. You need a realtor that can learn when houses that fit your specs are going to hit the market. I can set you up with early alerts for homes that are becoming available to give you a jump on the competition and more time to decide on an offer amount.
2. Begin with Your Best Offer
In this market, there is no room to haggle and negotiate over the course of days and weeks. Properties are gone almost as soon as they are listed. I’ll advocate for you, and keep you apprised of what a home is worth, but in a seller’s market, there is rarely room for counteroffers.
3. Be Ready to Bid
Because homes are going fast, it’s important to know what you want and make a move when you see it. If a home fits your needs and most of your wants, be prepared to make an offer. Sellers don’t have to wait. So they won’t.
Make bidding easier by pre-qualifying for a mortgage. Give yourself peace of mind by making a list of your wants and needs and checking them off during a walk-through.
4. Think Creatively
Some sellers are ready to move–they’ve secured another home or they need to relocate for work. These buyers can be motivated to opt for a quicker closing. You can also offer flexible closing terms and if possible, cover your own closing costs.
5. Consider Full Asking Price…Or More
Most sellers are well-informed of how much their home is worth–and guess what? That’s what they expect. A quick full-price offer can satisfy a buyer, and close down other offers if they accept. Depending on the price range, you may have to come out the gate with an offer over asking price. This is a huge benefit during a seller’s market since bidding wars can turn into a real headache and heartbreak for buyers.
There’s no need to wait. Just because it’s a seller’s market doesn’t mean you have to delay buying your next home. I specialize in finding the best homes in Lakeville, no matter the market. I can help you navigate this seller’s market and advise you throughout the process. Don’t wait any longer to begin the process of finding your dream home. Give me a call now.
Image credit: BrianAJackson| iStock | Getty Images Plus