If you’re planning to buy a home in Rhode Island this spring, you will have to prepare yourself for tough market competition. With only 703 homes listed in the market right now, buyers are scrambling to place offers on homes. When there are many offers for the property that you want, winning the market competition will be challenging, but I can make it happen for you. Today, I’m sharing with you five ways that are guaranteed to help you buy your dream home.
Feel free to watch the complete video or use the timestamps below to browse through the topics that interest you the most:
0:00 — Introduction
0:08 — Rhode Island market competition
0:04 — How to win in a competitive market
1:03 — Buy in cash
1:39 —Offer over asking price
1:45 — What is an escalation clause?
2:42 — Pay more at closing
3:20 — Losing the house vs. paying more
3:53 — Pay 5% earnest money deposit
4:08 — Get pre-approved
4:28 — Least contingencies
5:00 — Waiving inspections
Buying a home in a competitive market is challenging, but it is possible with the right Realtor by your side who will help you plan and negotiate. If you’re planning to buy a home in Rhode Island this spring, reach out to me today by phone (401) 602-5162. I look forward to talking with you!
Keller Williams Realty, Inc. is a real estate franchise company. Each Keller Williams office is independently owned and operated. Keller Williams Realty, Inc. is an Equal Opportunity Employer and supports the Fair Housing Act.