Are you looking for a new home in Pocono
? Let Outlook Construction be the first to congratulate you on the decision. A new home purchase is one of the largest investments you will make—outside college funds for your kids. Nonetheless, we want to help you make the best home purchase decisions in a tight market, because you deserve your dream home.
In this post, we’re going to share seven tips on how to purchase a new home in Pocono
. It’s a relatively tight market. Home sellers are sticking to their prices, which means offers need to be within tolerance range to be accepted. Don’t miss out on your dream home because you’re ill prepared.
Tight Market New Home Purchasing Tips
As your custom home builder serving Pocono, we want to help you get the home of your dreams, whether that’s with us building it or you purchasing it.
Tip #1 - Get Prequalified
You cannot imagine how many potential home buyers spend months searching for their dream home only to find it and not be able to put down an offer due to not having been prequalified. They see their future purchased right out from beneath them. Don’t let this be you. Get prequalified so that you can make an offer precisely when you’re ready.
Tip #2 - Communicate Daily With Your Real Estate Agent
At first, your agent may find this a little overbearing, but you’re on a mission to purchase your new home in Pocono
. In fact, you want to buy your dream home. A tight market demands extra action, because your dream home could be someone else’s home if you don’t see it first and put an offer on it. This means being in constant contact with your agent is imperative.
Tip #3 - Scout New Listings Yourself
This can be time consuming, but you can make it work. How bad do you want a new home in Pocono? New listings pop up every week, and it’s up to you to find them, view them, and make a decision on whether to put an offer down or not. You can search local newspaper ads, websites, and social media sites to find listings that may interest you.
Tip #4 - Know What You Want
It’s important to know two things before you buy a home. Know what you want and what you don’t want. This narrows down which listings you will go see substantially, reducing your time commitment and decreasing your stress levels. For example, maybe you need three bedrooms, but not more than four. All homes without the right number of bedrooms will be removed from the viewing list. Keep this in mind when choosing which homes to view.
Tip #5 - Bid Middle Of The Road
In a tight market, the best offer will win without exception. When the market is loose, a home seller may take an offer they like more than the highest offer due to other factors. However, in a tight market, the home seller will more often than not take the highest price tag they can get for the home. Don’t bid low to try and get a deal, because three others are offering market price. You’ll lose.
Tip #6 - Decrease Contingencies
It can be tough to not say things like, “I have to have a new home in Pocono in 30 days.” In a tight market, you don’t have the luxury of getting close to what you want in a timeframe you’ve determined. A tight market demands that the buyers fall in line and deal with what’s available. Sellers, on the other hand, have the advantage. Everyone wants a home, and the buyers, typically, will purchase just about anything. Be prepared to be flexible.
Tip #7 - Build A Custom Home
Instead of battling the masses for a small collection of homes that don’t quite meet your dream home specifications exactly, you can build your own custom home in Pocono. This allows you to create the precise home you want to live in. You don’t have to sacrifice your desires because the market cannot deliver.
Outlook Construction: Your Custom Home Builders
For more than two decades, Outlook Construction has built custom homes all over Northeastern Pennsylvania. We’re a family owned and operated business. Our mission is to provide each and every custom home project with personal attention, expert craftsmanship, and timely completion.
Want to build your new home in Pocono
? Contact us
today to get started!