When you go to buy a house, you obviously want to get the best terms and the best price. To make that happen, the first step is to ensure you have your finances in order before you even start looking at homes. You need to work with a great local lender before you begin browsing homes, and we can put you in touch with a reputable one if needed.
Once you’ve obtained a pre-approval from a lender and you’ve found a home, you should base your offer on comparable homes and not the listed price. Sometimes sellers will list aggressively and sometimes they price their home under its market value to get the bidding up, so you have to base your offer on what people have actually purchased homes for, not what the seller is asking.
The third thing to keep in mind is that you need to be prepared to move fast in this market. Everything in Nashville is going quickly, so you need to be on the ball and ready to make a move when you find something you like.
When you’re in talks with a seller, you need to determine what their motivation for selling is. Is it the closing date? Do they have special terms? Or is it something else? Whatever it is, if you can accommodate the seller in your offer, you have a better chance of getting it accepted.
Lastly, if you want to have success when buying in Nashville, you need to be willing to compromise. There are many wonderful homes available in Nashville, but in our current market it may be difficult to find exactly what you’re looking for. Make a list of must-haves and want-to-haves in order to find a home that is closest to your ideal home!
If you have any questions about this topic, or if you need real estate assistance of any kind, don’t hesitate to reach out to us. We hope to hear from you soon!