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Empire Realty Group
How To Buy A Home On A Timeline

by Richard Tichy 12/30/2018

Are you planning on buying a home by a certain date? It’s unfortunate that life can’t go as we plan it all the time! With a bit of planning finding the right home at the right time is possible. Many times, families are looking to buy a home before the end of the summer. This allows them to get settled in and get the kids started in a new school before the start of the year in September. Just because there are more popular times throughout the year to move doesn’t mean that the inventory of homes changes much as to what’s on the market. Whatever the reason for the short supply of homes, you’ll need to be informed and creative in order to land a house in a high demand market when it’s crunch time. Below, you’ll find some tips to help you on your search.


Research Your Location Ahead Of Time 


Every housing market has a bit of a down time. You want to pinpoint that period. Does your location have a time of year where people flee the area for vacations? The holiday season can also be a great time to look. There may still be low supply, but there also will be less competition. Do a bit of research in order to find pricing trends. When the prices dip, you’ll know that’s a time where competition for homes is lower.


Always Have Your Finances In Order


When you’re buying a home, no matter what time of year it is, you need to have your lender on call. Make sure that you have been preapproved and that your downpayment money is at your disposal. Sellers like serious buyers who are ready to pass paperwork.  


Know What You’re Willing To Compromise On


When you’re buying a home on a timeline, you may not have the luxury of searching around endlessly to meet your wishlist. You should have a few musts, but there may be many things that you’ll need to work with or compromise on in finding the right property. You may be able to find a home in the right neighborhood, but it might not have the granite countertops that you’re looking for. When time is of the essence, your home search priorities need to be set straight.  


Don’t Look For Bargains


When you’re in a time crunch to land a home, you don’t want to fool around with price. In order to land a home that you love, you might have to offer a bit more than the asking price. There’s no space for a bidding war, a low offer, or an extended search when you need to buy a home fast.          

  

About the Author

Author
Richard Tichy
President and Designated Broker of Empire Realty Group, Richard Tichy, has 38 years of experience in real estate. He has represented buyers and sellers in over 2,000 transactions of single family homes, new home construction, multi-family buildings, commercial properties and business opportunities. Richard has helped over 200 clients through the real estate downturn including short sales, pre-foreclosures, and bank owned properties. Investment property clients look to Richard for his negotiation expertise when buying or selling. He has personally been involved in owning and managing rental properties and remodeling and flipping over 100 homes. Richard has partnered with investors and contractors in the construction of 33 custom homes as project manager and sales broker.