Zach VanDolah

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www.zachvandolah.com
Zach VanDolah is a real estate agent for Volt KC.
He uses technology, design, marketing and his
business background to bring his clients a
completely different experience from other real
estate companies
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How To Buy A House In A Sellers Market
So youre thinking about buying a home or already
in the process? Well if you find yourself in a
sellers market, youre going to want to have a
strategy to give yourself the best chance of
getting your dream home. The buyers market will
be extremely competitive due to reduced
inventory, meaning more buyers are going after
fewer homes. Here are somethings youll want to
keep in mind while on your search. Get
Pre-approved No matter what market youre trying
to buy a home in, cash will always be king.
However, if youre unable to buy a home with
cash, make sure youre pre-approved. Its not
enough just to be prequalified. Pre-approval goes
far beyond pre-qualification and makes sure you
actually have the capacity to buy the house. A
pre-approval forces you to submit all your
paperwork to the bank and in return the bank
tells you how much you can afford. This is a
major advantage when submitting your offer. If a
seller has to pick between competitive offers
from someone who is pre-approved and someone who
is prequalified, they will most always accept the
offer from the pre-approved buyer.
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How To Buy A House In A Sellers Market
Be Flexible Theres no telling when a home will
come up for sale. Realtors will sometimes hold a
listing back until Friday to make sure they get
ample traffic from weekend buyers. However, this
is not always the case and in a sellers market
youll need to be flexible anytime a listing
comes on the market. Dont just look at homes on
the weekend. Waiting until the weekend may result
in the house already being sold. Make Your Best
Offer Buyers are always trying to get the best
deal possible. However, in a sellers market this
could leave you high and dry. Offering a low
price will almost certainly take you out of the
running for a house especially if the sellers
receive multiple offer. For this very reason, if
you find your dream home, be sure to make your
strongest offer.
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How To Buy A House In A Sellers Market
Stick To Your Budget Be prepared for the
potential of your search dragging on longer than
you want. Failure to do so will leave you
frustrated and you are more likely to do
something based on impulse. Chances are your
frustration wont last but your mortgage will.
Dont go above your budget just because you are
getting impatient. Instead, find your price range
and stick to it. Prepare For A Bidding
War Never been in a bidding war? Well get ready,
especially if you find a fairly priced home.
Buyers often are not ready for what a bidding
war may bring and can even stretch their budget.
The best idea is to look for a home below your
budget which will leave you some extra room just
in case there are multiple offers on that home.
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How To Buy A House In A Sellers Market
Write A Personal Letter Seem old fashioned? It
works. Many sellers have a personal connection to
their home and want to make sure the person they
are selling to has the same connection. If you
fall in love with a home, include a personal
letter and a family photo with your offer. It
will not guarantee you the home, but it is sure
to give you a leg up on the competition.
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Volt KC 201 NE 91st St.
Kansas City, MO 64155
816-305-4475
zach_at_voltkc.com