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3 Kevin Martini Strategies to be Victorious in a Bidding War

Right now in the Raleigh real estate market and basically every real estate market in the Triangle of North Carolina, competition for the very few homes  for sale is fierce.  There are 2 main reasons; tight inventory and epic mortgage rates. Real estate continues to show unprecedented strength this year and all signs indicate this strength will continue in 2021 and beyond.  Mortagage rate continue to hover in unprecedented low territories too.  For these two reasons, one who is thinking of buying a home for the first time or as a repeat homebuyer should be prepared for a bidding war.  In episode 113 of the Martini Mortgage Podcast, Mortgage Strategist Kevin Martini shares 3 strategies to be victorious in a bidding war.

Get Pre-Approved!

Make sure you can properly communicate to a seller that you are ready, willing, able by making a ‘same-as-cash’ offer with a mortgage approval.

Know What You Want To Pay Before you Fall In Love With The Home.

It should always be home loan first and then go find your home.  As a buyer, regardless if the real estate environment is competitive or not, you need to have price and cost clarity with certainty before home shopping.

Make Your Best Offer With Intelligence.

Many times there may not be an opportunity to to present you best and final offer so start with you best offer.  You real estate agent should be able to help you determine what factors might make your offer more appetizing, such as; a flexible closing date or minimal contingencies.

"Being prepared means you will be able to move quickly and confidently." ~ Kevin Martini

Since the real estate market today moves very fast, it should always be loan first and then go find your time.  The home loan first strategy allows a home buyer, regardless of their experience level, certainty.  In addition to certainty, with he home loan first strategy,  a home buyer will have price and cost clarity so they can make an educated decision before they fall in love with the right place to call home.   Following the 3 Kevin Martini strategies to be victorious in a bidding war is valuable regardless if the makers favors seller or buyers.

Martini Buyer Guide

There are many thing to consider when buying a home as a first time home buyer or as a repeat homebuyer.  That is why Kevin Martini and Logan Martini curate, every season, a homebuyer guide that simply and effectively communicates what you need to know about the housing market, what you need to know before you buy a home and what to expect when you are in the process of buying a home. The Fall 2020 Edition of the Martini Buyer Guide is called ‘Things to Consider when Buying a Home’ and is available for free and packed with priceless information for one that is thinking of buying a home in Raleigh, NC or really anywhere in the U.S. for that matter. 

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