If you are looking to buy a home in the Twin Cities area, you’re fully aware of just how fast-paced the twin cities real estate market is. Right now it’s a total seller’s market. But, what exactly does that mean? This means the sellers have the best hand right now. There are not a lot of properties on the market, but there are a lot of buyers. This means the sellers are able to ask for more while the buyers are typically asking for less. We’re here to help you as the buyer get ahead of your competition and successfully have your offer accepted on your dream home!
This week in our Tips & Tricks series, we wanted to talk to you about contingencies. Often, if a buyer already owns a home, they make their offer contingent on the sale of their current home. Unfortunately in the current real estate market in Washington County, this is not the best method any more. There is a surplus of buyers, so if your offer is contingent on something else, the seller is less likely to choose your offer, especially if they’re in a rush to sell their property.
Watch our newest real estate buying and selling tips and tricks video below to learn our insider secrets to navigating contingencies and the home buying and selling process successfully!