How To Think Strategically as a Buyer in Today’s Market

  • Dennis Hartley
  • 12/21/21

Like the game of chess, the homebuying process requires one to plan and think about strategy, from the very beginning of the game.

The following offers a few things for mindfully strategizing a strong game plan when beginning a home search.

Pre-Approval is the Best Opening Play To Make  

It’s important to have a great opening play when you’re buying a home. The best move a buyer can make to begin a home search is getting pre-approved by a lender. Knowing this is an important step, it’s important to understand exactly what pre-approval is and what benefits it provides.

 Freddie Mac says:

“The pre-approval letter from your lender tells you the maximum amount you are qualified to borrow. Getting a pre-approval letter is not a loan guarantee, it simply states how much your lender is willing to lend you. This pre-approval allows you to look for a home with greater confidence and demonstrates to the seller that you are a serious buyer.”

In the game of chess, a strong opening move signals to your opponent that you’re a serious competitor. As a homebuyer, your pre-approval letter signals to the seller that you’re a serious, interested buyer.

Homebuying is a Team Game

Every step you take to create your strategy as a buyer is important in today’s market. Why? Mortgage rates are still low, but increasing. Prices are going up. There’s a limited supply of homes for sale. 

These are just a few key variables in today’s market you need to be prepared for.

That means leaning on expert guidance as you plan every move is more important than ever. Have a team of professionals – like your trusted real estate agent and a loan officer – every step of the way to make sure you make the right moves.

Connect with the Dennis Hartley Team today to ensure your winning strategy during the home buying process.

 

Photo by Devanath on Pixabay



Work With Dennis

With over three decades of experience as a top ranked agent, he has the answer to any real estate question. He has helped nearly 1000 families buy or sell real estate. His emphasis on customer service has resulted in numerous sales awards and many satisfied clients.