It’s another melting/freezing/raining/humid/pleasant Saturday and you’re out house hunting – again. You have done your homework and shortlisted a handful of homes that have just hit the market and you have a full day planned with back to back viewings.
You arrive at the first property on your list; you’re greeted by the agent, only to be told “Sorry, the home went under contract mid-week”. Frustrating! You cross it off your list and drive to the next property. Once again you are rejected by the same two words; ‘UNDER CONTRACT’.
So as a serious prospective purchaser how do you ‘stay ahead of the game’?
Database: Register your details with the local agencies in the area, they will put you on their database which will email you any new listings as soon as they go live to the market.
Call the Agent: Jump on the phone to the listing agent and find out when the first open home will be. Majority of open homes are conducted on a Saturday, however, some agents will do a mid-week inspection and will sign a buyer up, placing the property under contract prior to the first open home.
Silent or Off-the-Market Listings:These are properties that won’t / haven’t hit the market. Agents usually have a pipeline of properties that aren’t ready to go to market yet, or the owners are reluctant to advertise or hold open homes. Therefore the only way you are going to find out about these homes is by asking the agent directly.
Once you do finally manage to get your foot in the door, you’ll most likely want to know how to make your offer stand out from the rest of the competition. Make sure you check our Blog for tips on ‘How to handle a multiple offer situation’to be sure that once you have found the house you love, you can be the ones to get that property under contract.
Happy House Hunting!