Jim: Here we go with Tip 3. Amy, what is that?
Tip 3 Buyers Pay Over 97% Asking Price Apex Cary Raleigh NC
Amy Shair of RE/MAX United Cary Apex NC, and Jim Enright of Corporate Investors Mortgage Group, Inc. share Tip #3 for buyers moving to the North Carolina area. Buyers Pay Over 97% Asking Price Apex Cary Raleigh NC. With so many buyers buying homes, you will need to make a decision quickly.
Amy: Well, Tip 3 is to remember that in our market, buyers are getting at least 97% of asking price, so if you’re looking to buy a home, you need to expect to be willing to pay 97% to, possibly even over the asking price, if the house is receiving multiple bids.
Jim: I’ve seen many contracts come in with way over the asking price in the houses that we’ve appraised too.
Amy: Absolutely, and they are closing at higher than list price. If it’s that house that everybody wants, that nobody’s willing to sell, when it comes on the market, there are lots and lots of people out there ready to buy.
Jim: That is true. My tip on this would be to get pre-approved in advance, even if you’re 6 months out, even if you’re 12 months out.
And what do I mean by pre-approved? When you’re getting your mortgage, everything is going to be revealed. So we need to do this right and give you a good overview. We need to see two year’s tax returns, W2’s, pay stubs, bank statements, essentially your life story.
With this information, we can help you make a very good decision in your home buying. So you’ll know how much cash you will need. How much cash you’ll have left over and what your payment’s going to look like.
So getting pre-approved in advance really helps you to make a better decision and be a lot more confident.
Jim: Alright. So that’s this tip. Watch for our next tip which is number
Jim: Number 4 is coming up.
Real Estate or Mortgage Questions? Contact Amy Shair of RE/MAX United Cary Apex NC, andJim Enright of Corporate Investors with any of your real estate or mortgage questions in today’s changing real estate and mortgage marketplace.