Courtesy of Lori Martin, from Fairway Independent Mortgage Corporation

The housing industry is hot and we recognize that inventory continues to be a challenge in our market. Google Trends shows that there has been a significant spike in searches for housing, mortgage and real estate information in the last six months meaning that there are many people either thinking about buying or selling a home or are actively in the market. While we cannot fix the inventory shortage ourselves, we are here to help each client win when putting in an offer on a home.

Here are a few tips that can help you navigate the current housing market.

  1. Communication – You need to have open lines of communication with your lender and your real estate agent. Everyone must be working on the same team to ensure success in the process.
  2. Speed to respond – Things come through fast during the home buying process. It is critical that everyone involved in the process understand the importance of quick, accurate information.
  3. Honesty and transparency – We know that many people are dealing with bidding wars and multi-offer situations.  Honest, transparent information on how price escalations may impact the buyer and reasonable expectations for turn times is imperative for success.

The housing market in our area is projected to stay very active well into 2021 so having a strategy will continue to be important. At Fairway Independent Mortgage Corporation we offer a program called 3,2,1 GO! The program is designed to provide buyers with an Underwriter’s approval before making an offer on a property, therefore increasing your credibility and strengthening your offer. Creative strategies like this program can truly set you apart from the pack and we’d love to help you stand out!