3 Mistakes Central Ohio Buyers Should Avoid

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I want to point out the three biggest mistakes that buyers make in a seller's market in order to help you avoid them.

We're currently in what we call a seller's market; high demand and low inventory have given home sellers the upper hand. There are typically multiple buyers for every home, creating a lot of competition and urgency. Buyers don't need to panic, though, as interest rates are still at record lows, making it a great time to buy a home.

Here are the mistakes to avoid to help you win in this competitive Central Ohio seller's market.

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Making any of these mistakes can 
cost you the house you love.

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1. Not getting pre-approved. Buyers make the mistake of looking at homes before getting pre-approved for a mortgage. The last thing you want to do is fall in love with a home and not be ready to make an offer. Sellers want buyers that are serious, prepared, and organized.
2. Not making your first offer your best offer. You'll be faced with the urge to offer below asking price. However, in a seller's market where competition is fierce, you risk missing out on your ideal home when you don't present your best offer first. Sometimes you only get one shot. Make your first offer a good and strong.
3. Not committing to a real estate agent. If you're not willing to commit to an agent, you can't expect that agent to commit to work for you. Once you make a commitment, that agent becomes your advocate, fighting for your best interests.

For more advice, or to learn more about how working with an agent can benefit you, send us an email or give us a call. We hope to hear from you soon!