Dear Trying,
I think that idea could cost your agent his real estate license, since
it runs afoul of federal and state Fair Housing laws. More bad news:
Spring comes early to the housing market (please take note, sellers),
and you already stand a fair chance of experiencing multiple offers.
So, what to do? Here are some suggestions that might give you an
edge--and they're legal:
Solid pre-approval. I'm sure you already know you need to be
pre-approved for a mortgage to have your offer taken seriously. But do
get a pre-approved letter from a reputable, preferably local, lender.
I've mentioned this before, but I can't stress it enough: an internet
approval letter does not carry the same weight with sellers and their
agents.
Be there first. Be as flexible with your time as possible. If
possible, make sure you can leave work during the day to see anything
new that looks really interesting. Not all houses sell right away, but
the ones that do are the ones you want!
Do a pre-inspection. Unfortunately, many buyers have to forego their
independent housing inspection when they're competing in multiple
offers. One smart |
agent we know has her clients get
the inspection before they write an offer. This
can be expensive if you lose the house, but you'll
benefit by the education if you have to keep
looking. Work with an
agent who really knows your target area. You may
not have time to wait while your agent does market
research.
So keep the cute kids in your wallet for now,
Trying--but with some planning and flexibility you
may be able to move them into a lovely house this
Spring. Good luck!
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Pat
Rosaves is a full-time real estate
professional living in the Seward -
Longfellow area. She has more than 28
years experience in helping people with
their real estate needs. Questions may be
sent to her at River Realty, 2543 38th
Avenue South, Mpls, MN 55406. Or call her
at 612-724-1314 or email her at Pat@RiverRealty.net |
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