Keller Williams Realty-East Bay
Andrew Urban, Keller Williams Realty-East BayPhone: (707) 738-7545
Email: [email protected]

How to Rise Above the Homebuying Competition

by Andrew Urban 01/12/2020

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

Andrew Urban

 I want to take this opportunity to share a little of my story. A note my mother sent me a long time ago, still hanging on our refrigerator, reads: “A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.”

I experienced this philosophy in action for the first time when my father moved our family from Germany to New Zealand when I was a boy. It was a scary experience to uproot and move more than 10,000 miles away from home, literally to the other side of the world!

I took to New Zealand well, attending school and earning a degree in accounting. It’s commonplace for young Kiwis to leave the country and see more of the world, which is how I found myself in the United States for the first time.

I got my first job here as an accountant with a travel company. One thing led to another, and I ended up staying, building a career in finance through senior roles at Hyatt Hotels, a law firm, and a strategic consulting company.

Corporate America started to wear on me, however, and I elected to leave before I was driven insane. For a change of pace, I founded a home repair company in Benicia with my wife, Dawson. Through our work, I gained deep knowledge of our real estate market.

Between 2005 and 2006, I spent a lot of time in the hospital. When you’re confronted with your own vulnerability like that, you start to think about what you want to do with your life. I was stuck in a hospital bed, but I was determined to turn that difficulty into opportunity.

One of the changes I decided to make was to pursue a career in real estate.

It was a great place to start, but my timing was not ideal- the Great Recession began less than a year later. When the market downturn hit, I still wasn’t deterred. When I make a commitment I stick with it, and you already know my stance on difficulty and opportunity.

Buying or selling real estate is an enormously important transaction, and the representation you receive from your agent will have significant impact on your results. I understand well the challenges owners and buyers face, and I invest time to educate each one of my clients and show them how we can win.

I signed on with Keller Williams Realty, a worldwide brokerage that matches my mindset and provides me with support and training to keep my skills sharp. I look forward to reaching even more people in need, and I’m confident that our future is bright!

It is important for you to choose the person who will do the best job for you, and who is the right fit for your particular needs. I’m committed as a professional to provide the highest level of service and I promise to work diligently to exceed your expectations.

Thank you for taking the time to learn about me. When you or someone you know is in need of a real estate agent, I hope you give me the opportunity to demonstrate how my knowledge and experience will deliver value to you.

Sincerely
Andrew Urban
REALTOR®