Buyers be prepared, with hot weather comes a hot seller’s market

By Stephanie Frost
Keller Williams Realty

Summer brings longer and warmer days for more people to be out house hunting. The market is hot and the inventory is low meaning that it’s a seller’s market right now.
Buyers must be prepared, and be prequalified for a loan with a reputable lender.

Although interest rates are creeping up, it is still relatively cheap to borrow. In today’s market, a top bid on a multiple-bid situation may not always be the deciding factor. The deciding factore may instead be flexible terms on a closing date, the type of loan or cash offer a buyer comes with or the amount of earnest money deposit.
Be sure to consult a realtor when considering listing your home or purchasing a new. There are lots of factors to consider when entering into today’s market.