Weichert Realtor Equity Tarpon
Don Atwood, Weichert Realtor Equity TarponPhone: (727) 992-5469
Email: [email protected]

Buying A Home During Springtime

by Don Atwood 05/26/2020

Spring is a time of change. Everything feels new and exciting. It’s a great time to start searching for a new home. Before you head out on the house hunt, you should take the time to review what you can expect if you’re heading out on the house hunt this spring.


There May Be Less Inventory


If you’re a first-time homebuyer, you may be in a tight spot. As inventory is low over the entire market, there are less lower end homes put up for sale in the spring. Prices are rising as well so people who may have been in the market for more expensive homes may have recently seen their number of choices drop. It may take some extra time and effort for first-time homebuyers to find a property. 


Homes That Are On The Market Sell Fast


The springtime brings a bit more competition from buyers. Although there’s low inventory, the spring brings out more buyers which means more competition. If you find a home you love, don’t wait. Houses that are in excellent condition sell within days of being on the market this time of year. You may even need to pay a bit above asking price in order to secure a home you fall in love with. Being flexible in your contingencies and closing dates can help you to entice sellers a bit more when you put an offer in on a property. 


Keep The State Of The Financial World In Mind


Interest rates may rise by the time spring rolls around. You really never know. If you see a reasonable mortgage rate and can get pre-approved, lock it in. It can help you to balance out your finances when you’re purchasing a home. Keep in mind that higher rates may actually decrease your home buying power altogether. Do your research and talk to a lender to get the best rates especially when you’re buying a home in the spring.


Overlook Some Things


If you’re heading out to buy your first home in the spring, you may have along list of things that you’re looking for in a home. Try and be as flexible as you can with that list. If you’re serious about buying a home, you may have to look at properties with their potential in mind rather than their face value. 


Make Sure You’re Preapproved


Getting a preapproval is very important when you’re heading out to buy a home in the spring. This step can give you a leg up on the competition once you put an offer in. Having this piece of the puzzle during your home search can help you to get a home you love. 


About the Author
Author

Don Atwood

I have been in the Real Estate profession for over 19 years now having sold hundreds of homes during that time with prices ranging from $50,000 to over $1,000,000. I have held licenses in three states during my career. I have sold over $55,000,000 in my career consisting of regular transaction homes, short sale homes, bank owned homes, lease option homes and commercial listings. I work hard for my clients, both buyers and sellers getting them the very best deal possible. I come from a business background so I know how to deal with complicated Real Estate deals. Proud to say I'm a VETERAN having served in the Army during the Vietnam War. I am well versed in all transactions that take place and I’m a very skilled negotiator.