PHILADELPHIA, PA, August 28, 2013 /24-7PressRelease/
-- Joy Levine
is a business professional who owns a number of short-term rentals for executives in New York City. She understands the ins and outs of the real estate market, and is now issuing comment on a new article
about the subject. The piece discusses how to make the buying process easier for first-time homeowners.
Pre-approval is one of the most important parts of buying a house. An individual must have all of the necessary pre-qualification documentation ready to go as soon as they begin the search process. The market is competitive, and a seller will not wait for an individual to get their finances in order if they have another offer ready to go. To prevent disappointment, an individual should focus on completing this task before they move forward.
A prospective homeowner who is browsing in an area that is especially hot should abandon the "low balling" technique. While this was a popular strategy several years ago, when there is demand for a house it is important to offer close to the asking price. A person who feels that the house is truly their dream home should think about offering the asking price right away, thus preventing them from getting pushed out by another buyer.
"While it's foolish to overpay for a property, a person must understand the value they place on this home. If it's clear that the residence is the place for them, there is no point in playing games and hoping for a favorable outcome. Instead, an individual should offer the asking price, thus preventing another prospective homeowner from swooping in and securing the house," states Joy Levine.
Those who are truly serious about the property may also want to consider offering a large deposit upfront. This helps the individual to stand out from other interested purchasers, and shows that the person is committed to owning the home.
In a competitive market, a buyer should avoid asking the seller to accommodate special requests. A few years ago it was acceptable to ask the seller to hold off until the buyer was able to sell their home. Now, this strategy is not an effective one.
It is also wise to avoid asking for the roof to be fixed or old carpeting to be replaced before making an offer on a home. If other buyers are interested, it is best to just make an offer when interested instead of risking being shut out.
Realtor Lori Wellinghoff explains, "In days of yore, you might have said 'contingent on selling of my existing home.' Those types of contingencies will not let you be competitive with other buyers."
"A person who really loves a home should act decisively and swiftly on it in order to ensure that the keys to that home are turned over to them when the process is complete," agrees Joy Levine.
is a New York state native who now resides in New York City. She is a business owner who offers corporate apartment living to executives who must stay in New York City for a short period of time on business. The apartments are comfortable and clean, and allow the business professional to avoid having to stay in a hotel as they finish their work. Prior to this business endeavor, Levine served as a successful insurance broker. She can be contacted at 646-662-7258.