Our Northwest Ohio market has become white-hot lately. Why is that? As of recording this video, the number of active homes for sale in Toledo was only 193. Keep this in mind: There are 250,000 people living in the city. That indicates there’s a real and unprecedented shortage of homes.
“You really can’t afford to wait in this market.”
Every buyer in this market needs to understand the market forces at play, as evidenced by our extremely low inventory, or they’ll never complete a transaction. Today we’ll share several key tips that you as a buyer must heed if you want to successfully buy a house.
First, don’t buy unless you’re really serious. If you’re an investor, right now is not the time to purchase. There’s really no room for speculation in this market. If you are serious about making a purchase, now is a good time to take advantage of low interest rates. In fact, interest rates have never been lower.
Though there are motivated sellers with great homes in the market, you still need to take certain steps to ensure that you have a chance to win against all your competitors:
1. Get pre-approved if you’re not a cash buyer.
2. Meet with us for a buyer consultation.
3. Educate yourself about this rapidly changing market.
4. Sign up for detailed listing alerts so that you’re the first to know when new homes come on the market. How quickly you respond to a listing will determine how successful you are at winning it.
5. Download our mobile MLS app. When you see a home you like, you can learn about it and quickly make an offer all through the app.
6. Act fast. You really can’t afford to wait in this market.
If you have any questions about buying a home or would like to hear more about how we help our buyers beat their competition in today’s market, don’t hesitate to reach out to us. We look forward to hearing from you.
