Home Buying Tips

Green Escrow | Real Estate

in what is clearly still a seller’s market, Realtor.com® offers the following tips for finding – and buying – that new home:

  • Be ready
    Since demand far exceeds demand, potential buyers must be ready to look at a potential home at a moment’s notice.
  • Have financials in order
    A mortgage pre-approval letter is a must as is a “proof of funds” form from the back indicating they have enough money to cover a down-payment. Any delay on the financial side may cause the seller to just move on.
  • Be aggressive
    This isn’t the right market to be looking for “deals” – make an aggressive offer and limit the contingencies. If there is a flaw in the home, carefully consider how much you are willing to compromise in order to get it.

Buying a Home: Still a Solid Financial Decision

Green Escrow | Real Estate

The National Association of Realtors (NAR) in their 2015 National Housing Pulse Survey reports that 80 percent of Americans believe that buying a home is a good financial decision and 68 percent believe that now is a good time to make such a purchase. 71 percent believe that they will be able to sell their home for what they paid for it, a significant increase of 16 percent from 2013.

61 percent of renters replied that owning a home remains a priority.

As to why home ownership is important: building equity, desiring a safe and stable environment, and freedom to choose their neighborhood remain at the top.