For Buyers
For buyers, preparation is key in 2024. With a high demand for properties and a low inventory, it is important to be proactive and ready to act quickly. Here are some key strategies for buyers to follow:
1. Get pre-approved for a mortgage: With a competitive market, sellers will be looking for serious and qualified buyers. Getting pre-approved for a mortgage will not only give you a realistic idea of your budget, but it will also show sellers that you are a serious and reliable buyer.
2. Utilize technology: In 2024, technology will play a significant role in the real estate market. Make use of virtual tours, online listings, and video calls with your realtor to make the most of your time and narrow down your options before physically visiting properties.
3. Be flexible: With a high demand for properties, it is important for buyers to be flexible with their criteria. Keep an open mind and be willing to compromise on certain features in order to secure a property in a competitive market.