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Thursday, February 28, 2013

How to search for a home in 2013

Here we are in 2013 and you are ready to buy a home.  Last time you went house hunting there were all those magazines at the grocery store to pick up and browse through.  While those magazines may still be there, the houses in them are long gone. 

We now live in a world of instant gratification and it could not be more prevalent than in the world of real estate here in the Las Vegas area.  Listings come onto the market and within hours have multiple offers.  How does anyone get a chance at these homes?  The secret way must be on the Internet. Right?  Well the Internet does have great access to homes on the market and certainly better than magazines but sites like Zillow and Trulia will showcase homes for weeks if they are short sales and waiting banks to approve the sale to an offer already accepted.  How about Realtor.com, while Realtor.com is essentially direct access to the MLS this must be the perfect website? Realtor.com also will show properties contingent upon bank approval that have accepted offers. 

The best source for finding properties currently available is your Realtor.  Your Realtor can set up a personalized search specifically for you with the criteria you are looking for in a home and set it to automatically notify you as soon as the home comes on the market.  In the real estate business there is a phrase, "time is of the essence" meaning having the 1st offer in gives you a leg up on the competition.

When you do find that perfect home, don't get too excited until you have an accepted offer signed by the seller. 

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