8 Tips for Buying in a Hot Market

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If homes are selling faster than that, say in mere days or weeks, it’s typically considered a hot—or seller’s—market. If homes are sitting for longer than that, it’s regarded as a buyer’s market.

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Hot House Market Buying Tips

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IBefore looking at homes, it might be wise to create a list of “must-haves” vs. “nice to have” items.

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Sellers eager to move on could be enticed to go with buyers who can act quickly

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If a buyer can offer all cash for a home, this may be the thing that tips the odds in their favor of winning a bid.

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There are lower risk contingencies people can waive, such as homeowner association contingencies, but there are also higher risk ones for buyers that could convince a seller to choose their offer.

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If the house is right when it comes time for the best and final offer, buyers may want to consider trying to give it their all.

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A hot market may sound tough to enter, but there are a few ways buyers can stand out from the pack and, with luck, win over a seller.

8 Tips for Buying in a Hot Market

If homes are selling faster than that, say in mere days or weeks, it’s typically considered a hot—or seller’s—market. If homes are sitting for longer than that, it’s regarded as a buyer’s market.

Hot House Market Buying Tips

IBefore looking at homes, it might be wise to create a list of “must-haves” vs. “nice to have” items.

Listing Must vs Wants

Sellers eager to move on could be enticed to go with buyers who can act quickly

Sweeten The Offer

If a buyer can offer all cash for a home, this may be the thing that tips the odds in their favor of winning a bid.

Offer All Cash

There are lower risk contingencies people can waive, such as homeowner association contingencies, but there are also higher risk ones for buyers that could convince a seller to choose their offer.

Waive Contingencies

If the house is right when it comes time for the best and final offer, buyers may want to consider trying to give it their all.

'Best And Final' Offer

A hot market may sound tough to enter, but there are a few ways buyers can stand out from the pack and, with luck, win over a seller.