Buying the house of your dreams can be a mind-numbing andslow process, broken up by endless periods of frantic confusing activity. Thisprocess is a challenging one, it goes something like this, and you go out andlook at a zillion houses, right before you finally think you got the right one.You hurry up and put in your offer, then wait. You submit millions of lettersto the underwriter and then wait again.
This process of buying houses fast canturn out to be a hectic one. In competitive real estate markets, this process could takemany months, even years sometimes! Whether buyers consistently outbid you or itturns out that your rivals are a step ahead of you, it could feel as though youstand a disadvantage when you head out to hunt for houses in a market where thehouses could eventually go under contract in just a few hours after theirlisting on realtor websites. Tricks to Buying a House FastRegardless of the reasons why you need to speed up the buyingprocess, here are some tricks to buying houses in a sprint. Choose Professional RealtorsThe number one secret to speeding up the buying process isto find a familiar realtor in your area, one who knows exactly which houses arein the market about to hit it. The best approach is to consider assembling ateam of experts, who could shorten the entire process of buying houses. Youcan pick the right agency, including mortgage banker, real estate attorney,broker, and a preferable team to work together before and let them do what theycan do best. Ask Questions EarlyThe entire house buying process could turn out to be aconfusing one, especially if this is your first time buying houses fast. Youshould not feel guilty or worried about peppering your real estate agent withany questions you have in mind.
However, you need to start with the mostimportant ones, which resolves can expedite the entire process. Look for Low SellersUsually, the sellers most motivated to get their houses offthe market are those who are not able to selloff their property for some time now. You can take your time and ask yourrealtor to search for houses that have been on the real estate market for along time. Usually, in some markets, houses could be up for about a week oreven more.
In some others, it can take a year and even more.Keep Your Paperwork in Proper Order Even if you have apre-approval, the process of buying houses requires reams of paperwork. Youneed to organize everything well beforehand. You have to keep letters,documents, bank statements, unusual expenses, pay stubs, and other items readyat least three months before the time of buying the house. Look in Areas with High InventoryWhen buying houses fast,you should try to consider some aspects. These include easyaccess to public transportation, walkability,great schools, hospitals, and other nearby facilities. However, there is anotherreason why you need to search in such areas. Survey reveals that an area withlower inventory of houses slows down the entire buying process.
It also makessense that you should keep your bid on houses in the same neighborhood as allyour fellow hunters. However, if you search in your surrounding areas, you willprobably find places that also match the criteria you are hoping for in yourarea. These tricks can work well toensure that you buy houses fast. For the best results, it is advisable that youconsult real estate agents in your area, evaluate your options, and go for thebest deal.