Ignite FB Tracking PixelHow Can You Rise Above the Homebuying Competition? - Krystal Faticoni
Exp Realty LLC
How Can You Rise Above the Homebuying Competition?

by Krystal Faticoni 04/14/2019

Let's face it – there is no shortage of buyers competing for the top residences. However, there are many things you can do to rise above the homebuying competition, and these include:

1. Review the Local Housing Market

The housing market fluctuates. In some instances, the housing market may favor buyers. Or, in other cases, it may favor sellers.

If you analyze the local housing market closely, you can differentiate a buyer's market from a seller's market. You then can map out your homebuying journey accordingly.

To distinguish a buyer's market from a seller's market, you may want to look at available houses in your city or town. If homes are selling just days after they become available, a seller's market may be in place. Comparatively, if houses linger on the real estate market for an extended period of time, the real estate sector likely favors buyers.

2. Get Pre-Approved for a Mortgage

With pre-approval for a mortgage, you will know how much you can spend on a house. Then, you can narrow your house search to residences that fall within your price range.

To get pre-approved for a mortgage, you should meet with a variety of lenders. These financial institutions can teach you about many mortgage options and help you choose home financing that suits you perfectly.

Of course, selecting a mortgage can be difficult, regardless of whether you are a first-time or experienced homebuyer. But if you ask mortgage questions and perform a comprehensive home financing analysis, you can choose the right mortgage without delay.

3. Establish Homebuying Criteria

Homebuying criteria is a must, particularly for those who want to seamlessly navigate the property buying journey. Because if you enter the real estate market with homebuying criteria in hand, you can speed up the process of finding your dream residence.

As you craft homebuying criteria, you should try to define your dream house. Think about the features you want to find in a home. You next can include these features as "must-haves" on your list of homebuying criteria.

In addition, consider where you want to reside. If you hone your house search to residences in a select group of cities and towns, you may be able to quickly discover a great home that you can enjoy for years to come.

For those who require extra help during the homebuying journey, you may want to hire a real estate agent, too. In fact, with a real estate agent at your side, you can receive in-depth assistance as you pursue your ideal house.

A real estate agent understands what it takes to navigate any housing market, at any time. He or she will help you search for residences that match your expectations. Plus, if you have any homebuying concerns, a real estate agent will address them right away.

Gain a competitive advantage over rival homebuyers – use the aforementioned tips, and you accelerate the process of finding and purchasing your dream residence.

About the Author

Author
Krystal Faticoni

Full Time Realtor® servicing Mecklenburg, Cabarrus, Union, Gaston, Iredell and York counties. I have 10+ years experience in sales and customer service. She received many awards since breaking into the business. One of them that I'm most proud of is the Rising Stars of Real Estate I received shortly after entering the business. 

I'm confident with my work ethic, determination, negotiating skills and overall customer service, I can assist anyone with their real estate needs. First time home buyers and those looking to relocate, look no further. I stay side by side with my clients to assure they not only find exactly what they are looking for, negotiate the best deal possible and educate them along the way. I believe that buying and selling a home for most is one of the biggest purchase you will make in your life. I want my clients to understand the process from start to finish. I also enjoy new construction and investors as well. Need to sell your home in order to purchase another one? Having been through that I know exactly how nerve wrecking that can be. Let my past experiences and expertise guide you through the process smoothly. 

I am a wife and a mother of 2. When I'm not selling Real Estate you can find me out on the soccer fields. Both my children play travel soccer and my husband coaches for Pfeiffer University. I was born and raised in central New Jersey. I later moved to the shore where we purchased our first home and started our family. We made the move to NC in 2015. Since being here we've totally fallen in love with all the things this beautiful state has to offer. I also spend my time volunteering for Cabarrus County Special Olympics, where I'm on the committee. I am also a part of the Cabarrus County Parent Advisory Council, PTA, leader of our neighborhood HOA Social Committee and 

I'm a volunteer for the Mecklenburg County schools as well. A Child's Place is a non profit organization in Charlotte that I also volunteer with. I agree with Audry Hepbrun, when she said; "As you grow older, you will discover that you have two hands - one for helping yourself, the other for helping others."

Licensed in North Carolina & South Carolina