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How to Gain a Competitive Edge when Buying

There are many great Phoenix Area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at 602-252-4191 for a FREE home buying or selling consultation to answer any of your real estate questions.

With interest rates at all time lows and prices low as well, it's no wonder buyers are lining up trying to take advantage of all the great deals out there. If you are a buyer, and competing with tough competition like this, we have a few tips for you to help you stand out from the rest of the pack. Here they are:

1. You need to be prepared in advance
 Too often when homeowners fall in love with a property, they do not take into consideration how much they can really afford. Pre-approval is a key step and you are taken far more seriously as a buyer with a pre-approval letter.

2. Study the Market
 Many times, the buyer will not study market trends and the result ends with you losing money. Being prepared for a bidding war is sometimes what is necessary to get your new home. Sometimes you may need to offer a bit above asking price to make sure you get the home.

3. Add a personal touch to appeal to sellers
 The transaction process can be very impersonal, but it doesn't have to be! One way that agents set their clients apart is by adding a personal touch, like a handwritten letter or email. When sellers come across this type of thing, it gives them a warm glimpse of the people who will be buying their home and makes them more likely to accept your offer. 

At the end of the day, if the house is meant for you, it can become yours. You just have to put in the work and gain the knowledge to make it happen. 

If you have any questions about the market or want more tips on buying homes, give us a call or send us an email. We'd be glad to help!