Maybe the Single Best Thing You Can Do as a Buyer in a Hot Market

This was built in what year? How close is the T? What about the schools? Can we finish the basement? How much would it be to paint the cabinets? How old is the roof? Is that an ice dam?! And what is Mass Save anyway? 

Buyers in Greater Boston always have a lot to consider. But for those shopping in a competitive market, there is even more to think about, and a lot of the time there’s not a lot of time to actually think about it.

How many offers do you think they will get? How much should we offer? What’s an escalation clause? What’s the deal with the new home inspection rules? This open house is PACKED! Offers are due when?!?!

So what’s a buyer to do when their dream home pops up and a multiple-offer melee seems all but inevitable? 

Offer more than asking? Sure. Work on the contingencies? Possibly. But maybe the single best thing you can do as a buyer in a hot market? Give yourself some breathing room to figure out what exactly it is that you want to do for one of the biggest purchases of your life. 

Give yourself some time. 

Time to get questions answered. 

Time for your agent (I know a good one if you’d like an intro) to do some due diligence.

Time to talk to your lender and run some numbers

Time to digest pros and cons.

Time to talk through strategy and consider options.

Time to just…think about it.

So schedule that viewing for a Wednesday after work. Pop by a broker’s open house between calls on Thursday. Duck out early on Friday. Whatever you can muster, try to look early and often! 

And if you do find yourself rolling into the last 20 minutes of a Sunday open house when offers are due Monday at 9am? Don’t worry, we can make that work too. Just, you know…try not to do that. If you can.