Tracy Tidwell Team
ERA Henley Real Estate
501-472-4709
It's a new year and the race is on in the housing market!
Every year around tax season we see an influx of people looking to use their tax refund towards a down payment on a new home. It can get pretty busy at this time; as the number of people looking for houses increases, the availability decreases. That is why as a home buyer it is important to get ahead of the game now.
More home buyers mean less real estate selection. The real estate market heats up during tax season. The housing market becomes more like a race track with the first one to the finish line getting the best home. It is a sad thing to see someone's dream house snatched up before they get a chance to make an offer.
What can I do about it?
- Start looking now. Don't wait until you get your tax return to begin looking for a house. Chances are, the house you decide to buy has already been seen by other potential home buyers. It is better to start searching for a house now so that you are ready as soon as you receive your tax refund. Believe me someone else is doing the same thing. Talk to a REALTOR® and discuss your strategy. An early start on the season not only helps to insure that you get the house you want but, it also allows the real estate agency to assist you better as you are contacting them before the rat race begins.
- Get your finances in order. This doesn't just mean filing taxes on time. It is a good idea to get a credit report and clean up your credit before you begin making offers on properties. Nothing can put a closing on hold faster than a glitch in your credit. Don't get put on the sidelines as your new home gets bought by someone else.
As always, if you have any other questions or concerns about real estate, feel free to contact us. We are here to help.
It's a new year and the race is on in the housing market!
More home buyers mean less real estate selection. The real estate market heats up during tax season. The housing market becomes more like a race track with the first one to the finish line getting the best home. It is a sad thing to see someone's dream house snatched up before they get a chance to make an offer.
What can I do about it?
- Start looking now. Don't wait until you get your tax return to begin looking for a house. Chances are, the house you decide to buy has already been seen by other potential home buyers. It is better to start searching for a house now so that you are ready as soon as you receive your tax refund. Believe me someone else is doing the same thing. Talk to a REALTOR® and discuss your strategy. An early start on the season not only helps to insure that you get the house you want but, it also allows the real estate agency to assist you better as you are contacting them before the rat race begins.
- Get your finances in order. This doesn't just mean filing taxes on time. It is a good idea to get a credit report and clean up your credit before you begin making offers on properties. Nothing can put a closing on hold faster than a glitch in your credit. Don't get put on the sidelines as your new home gets bought by someone else.
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