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Sign into your accountFive Tips To Follow During the Fall Homebuying Season
October 16 2012
Guest contributor John L. Heithaus of Metropolitan Regional Information Systems, Inc. (MRIS) says:
A recent real estate survey reported that 27 percent of the homebuyers during the fall season are first-time homebuyers. Although spring is traditionally the peak season for real estate activity, this year's buyer's market should lead to a healthy spike in real estate activity this fall.
"For a prospective new homeowner, this fall's market is shaping up to be an opportunity to capitalize on a great blend of low rates, consistently low home prices, and a recovering economy," noted John L. Heithaus, CMO of Metropolitan Regional Information Systems, Inc. (MRIS), one of the largest MLSs in the country. "First-time homebuyer or not, all potential buyers can benefit from good information - even in a buyer's market - as they gear up to begin bidding on real estate."
To prepare potential homebuyers for a busy fall market, MRIS has compiled the following tips to reinforce how important it is to be prepared before entering the market.
1. Get connected: Most first-time buyers think that they understand their local market by reading daily headlines. While keeping abreast of market headlines is always a good idea, it's important to remember that real estate fluctuates from month-to-month and from one place to the next. If you are buying a home and not closely connected to the neighborhood, get connected with a knowledgeable real estate professional that is. Make an appointment with a local agent and ask them for recommendations on the best ways to stay tuned into the local market, such as through local real estate blogs.