With available homes in short supply, sellers are in control and buyers often have to concede to higher prices and terms. Buyers can’t waste time, put in low offers or make demands for fixes. Here’s what they can do, according to Bradley Tuttle’s Real Estate Update:
Make a good first impression
Not only do buyers need to impress sellers, they have to impress real estate agents by hiring only one agent and letting that agent profile their needs to the marketplace. They need to specify their “must-haves” so they don't waste everyone’s time viewing homes that lack what they want most. When they find the home they want, they should send the seller a letter outlining why they love the home along with the offer.
Get lender’s preapproval