When it’s a seller’s market, buyers often have little time to locate, bid and win their chosen home or property. Wondering how to set yourself apart in a competitive market? Follow these steps to gain an advantage.
Work with a Strong Buyer’s Agent. A strong Buyer’s Agent will guide you through the process and help you achieve your objectives by providing solid advice. Portland Maine Living brings experience, integrity and trust to the buying process. We bring together our business, legal, and marketing experience, with an artistic eye and decades of knowledge of the greater Portland area to help our clients with all of their residential real estate needs
Get Pre-Approved. Know the difference between prequalification and preapproval, and get that preapproval letter from your mortgage lender to be seen as a serious buyer in the bidding process. You will be one step ahead of other buyers who may not know to secure this before looking for a home. Always work with a local lender. Because of our years of experience in real estate, Portland Maine Living can offer suggestions on who would be the best lender for you.
Gather a Strong Down Payment. Sellers are more likely to accept an offer from a buyer with a larger down payment for a variety of reasons, including the belief that a buyer with a larger down payment is going to more smoothly qualify for a mortgage. There are programs available across the country that can help a buyer add to the amount she’s saved on her own. Remember, these down payment assistance products and programs are not limited to low-income buyers, and many are not just for first-time buyers.
Know the Area and Look for Diamonds in the Rough. When looking in an in-demand community, don’t discount the homes that need a little love. It’s best to do your research and link up with a Buyer’s Agent who knows the community well. Portland Maine Living draws upon 25+ years of experience and a deep dedication to the Portland community. We have up to the minute information on new properties coming to market, and a network of people who can help us to find your next home. Post closing, we will help you settle into your new home however we can. With our list of qualified resources in the area – from insurance companies, to painters, restaurants and hairdressers – we are happy to provide you with the information you need.