Buying in a Seller's Market

When looking to buy a house, it's important to know the kind of market you're stepping into. Currently, we are in what's known as a seller's market-- that means that there is a higher demand for homes than there is a supply. Despite the new construction that is happening around Clarksville, there are many families looking to buy within our beautiful community. This can make it a little harder to find a dream home, but nothing is impossible. With a few tips, you can get a good start on house hunting in our seller's market!

First and foremost: get yourself a sharp agent. Your real estate agent is your guide through the buying process, and you need one with experience and expertise. Pam Cash of the Cash Team has been working diligently since 2006 and has lived in Clarksville for the majority of her life. With a passionate work ethic and a knowledge of the community, the Cash team is one of the best options for buyers in the Clarksville area.

Get preapproved. Receiving a preapproval will help you know just how much you have to work with. In addition, it will give your offer more credibility than an offer made without a preapproval!

Don't lowball. Right now, sellers have the upper hand and are most likely receiving multiple offers on their homes. Submitting an offer below the price asked is useless when most offers will be going well above that. You are navigating a competitive market, so be prepared to make a competitive offer-- and maybe even offer to go higher than competing offers to a certain price point!

Lower your standards. With houses going so fast, you may not have time to wait for the perfect house that may not come on the market. While this can seem disappointing, any home can be made perfect with the right attitude and dedication-- every home is an investment. Know what you want for sure such as location and size, school zone, land. You can finish the basement yourself, but you can't uproot your home to a larger lot!

Stay alert. Be on the lookout for new houses coming on the market, or have an agent like those on the Cash Team that keep up with homes that fall in the range of their clients! With houses in high demand, they can go fast-- it's good to be the first to see a newly listed house and put out the offer!