Home inventories keep rising, and buyer activity has slowed down because of rising interest rates. Its a great time to buy a house, you have a huge amount of selection in the Twin Cities real estate market, and many owners anxious to sell their house. How do you take advantage of these conditions?

Remember, time is on your side

Take your time finding that perfect house, researching school districts and neighborhoods. Homes aren’t moving nearly as fast as they used to, you can afford to take your time. With inventories of homes for sale higher than they have been in the recent past, if you miss out on one opportunity, you will likely find a better one!

Don’t be afraid to demand a reduced price

Some sellers have an inflated view of what their home is worth, based on the activity of the last few years. This causes many sellers to price their home too high. How can you tell how long the home has been on the market, and what the original listing price was, and if they lowered it? This is something your local licensed Realtor® can help you out with.

Take advantage of an inspection contingency

I don’t know why you would ever NOT get an home inspection, but make sure you get one. Don’t worry that including a home inspection contingency might cause another offer to win. No matter how much you love the house, taking the risk of NOT getting it inspected isn’t worth it. You’ll find another house, especially in this market. We know a great home inspector that goes over homes with a fine-tooth comb!

Don’t sweat the financing

Provided you get a fixed-rate mortgage, if rates rise, you are locked in. If rates fall, you can always refinance. Rates are still historically low, compared with the last few decades.

Don’t insult

A shockingly-low offer might insult a seller and cause them not to consider any more of your offers. What is a reasonable offer? That’s where our services come in handy! Contact us to get started on your home search.