Congratulations! You are on Step 1 of the buying process. First, you must be ready to take on the responsibility of owning a home. Ideally, you should have some money saved up for a down payment and have an idea on your price range. The first step is deciding where you would like to live and what style of home works for you, along with figuring out other specific needs or wants you’d like.
Often, people are able to perfectly time their sale and purchase so they happen on the same closing date, although this isn’t always the case. If you are selling, you can try to extend the closing period to give yourself more time to find your new home. We can help negotiate timing requirements and develop a solution to resolve issues.
If you are selling and buying, you don’t have to worry about playing with the market. If you sell your home at a lower price, chances are you will be buying at a lower price as well. If you are upgrading to a larger home, this works out to your benefit.
Above Market Value: Price above market value, and you will only sell your competition.
Below Market Value: Price too low below market value, and you may start a bidding war.
At times, there is a “Sellers’ Market”, which implies there are many buyers looking, but there are fewer homes on the market. Other times there is a “Buyers’ Market”, which implies there are many homes on the market, giving buyers more variety to choose from.