House hunting has become a contact sport over the past year. The idealized vision of a leisurely Saturday morning reviewing open houses and plotting the day’s tours over lattes and croissants is a thing of the past. While popping into the local open house might be fun for the casual looker, if you are serious about finding your next home, this climate demands strategy.
First and most importantly, know exactly what you need and want in a new home. Then share this vision in detail with me as your agent. Identify not only what you need in the property, but which communities in Knoxville would best fit your lifestyle. If you are unfamiliar with the area, that is where I can be of great assistance - check out my Knoxville community guide HERE. With lower inventory from which to choose, you also need to be clear about any compromises you are willing to make—if any.
Once you know what you’re looking for, the next step is to clear some time during the week for house hunting. That’s right, mid-week. In fact, for those searching for open houses, Thursdays are the best days to tour a community. Thursdays have always been the traditional days for agent open houses. This is when real estate professionals take time to tour new listings, but they are open for buyers also. This can allow serious buyers to view and write offers on new listings before the weekend crowds.
Some other tips include:
- Make sure you have a mortgage pre-approval: timing is key and homes are moving fast!
- Look for homes under budget so you can bid up
- Don't get fixated on one house: new homes are always coming onto the market
- Be prepared to accommodate to the seller's needs like being flexible with move in dates
- Don't be afraid to tour and buy a home virtually!
Strategy is critical in a seller’s market. Serious buyers need to prioritize their search to position themselves ahead of their competition. Being available to see new listings as soon as possible is one way to ensure you don’t lose out on an opportunity to write an offer on the right home.