Thinking Strategically in Today’s Real Estate Market

How To Think Strategically as a Buyer in Today’s Market

The game of chess can provide incredible lessons to apply to all aspects of life, including the homebuying process. Chess requires you to plan and think about your strategy from the very beginning of the game.

The homebuying process, like chess, requires strategy and planning. Here are a few things to keep in mind to ensure your plan is as strong as possible when you begin your home search.

Pre-Approval: the Best Opening Play To Make as a Homebuyer

It’s important to have a great opening play when you’re buying a home. And the best move you can make when you begin your home search is getting pre-approved by a lender. You’ve probably already heard this is an important step, but what exactly is pre-approval and what benefits does it provide you?

As Freddie Mac puts it:

“The pre-approval letter from your lender tells you the maximum amount you are qualified to borrow. Getting a pre-approval letter is not a loan guarantee, it simply states how much your lender is willing to lend you. . . .”

And while determining how much you can afford at the start of your search is critical, the pre-approval letter also serves another important purpose. Freddie Mac also notes:

“This pre-approval allows you to look for a home with greater confidence and demonstrates to the seller that you are a serious buyer.”

In the game of chess, a strong opening move signals to your opponent that you’re a serious competitor. As a homebuyer, your pre-approval letter signals to the seller that you’re a serious, interested buyer.

Homebuying: It’s a Team Game, Not a Single-Player Experience

Every step you take to create your strategy as a buyer is important in today’s market. Why? Mortgage rates are still low, but increasing. Prices are going up. There’s a limited supply of homes for sale. These are just a few key variables in today’s market you need to be prepared for.

That means leaning on expert guidance as you plan every move is more important than ever. Have a team of professionals – like your trusted real estate agent and a loan officer – every step of the way to make sure you make the right moves.

Bottom Line

Getting a pre-approval letter isn’t just good strategy, it can be game-changing. It allows you a full understanding of what you can afford, and it signals to sellers that you’re serious. I work with some incredible mortgage officers who we can trust through and through to guide you every step of the way. Give a call/text 508-930-5259 or reach out through the contact form today and let’s connect to get you on right path to homeownership.

Jennifer McMorran, Realtor, SRES
New Construction & First Time Home Buyer Specialist
MA, RI, and Cape Cod & Islands Licensed Real Estate Sales Associate
Keller Williams Elite
real people. real estate. 

Holiday Home Shopping – it’s the perfect time!

I’m not sure what you have heard about the housing market and searching for a home in December so I thought I would clear things up.   The Winter Holiday Season is actually an awesome time to purchase a home – especially for buyers!

The simple reasons:
1. Sellers tend to be a little more motivated.
2. There are far fewer buyers competing for the same popular properties.

Those buyers that have been through a hot Spring market know what I mean… multiple offers, “highest and best”, “escalation clauses”, buyers waiving home inspections, sellers not accepting any contingencies, deferred showings to increase hype, and often Cash Offers beating out everyone in the end. Not fun.

woman using space gray iphone xLet me share a little secret too, even when you are on the sellers’ side of the transaction, multiple offers can be very stressful working through different buyers’ situations and terms to ultimately decide which one is the most solid. (Experienced Agents also know that buyers’ remorse is a big consequence of a fast moving, “gotta get my offer accepted” Spring market. All too often we see buyers reconsider their offer that may have been over asking price once the reality of being under contract to purchase sets in.)

But back to December and “the most wonderful time of the year”!
This is an awesome time to buy a home and Kensington has the perfect properties for your Holiday Home shopping!

A pristine Townhouse, luxury new construction, turn-key Colonial, waterfront fixer upper, solid one level 55+ mobile home, commercial property, two-family investment property, and more!  We have something for everyone.  And if you don’t see it in our listing inventory, we can certainly find it for you.  Anything here interest you?

new construction Lot 322 Pass Farm Lane
Attleboro, MA 02703
Brigham Hill Estates
Custom New Construction
Prices starting in the $600’s

Gorgeous Ranches and Colonials all built to your specifications.  It doesn’t get better than this!

171 North Ave 171 North Avenue
Attleboro, MA 02703
Solid 3 bedroom, 2 full bath Ranch.
Meticulously maintained!!

81 Avalon Drive 81 Avalon Drive
Attleboro, MA 02703
Stunning 3-4 bedroom, 2.5 bath Colonial
Built 2016
Absolutely still shows like a Model Home!

88 Old Wood 55 Old Wood Road
North Attleboro, MA 02760
The Cliffs
5 bedroom, 2.5 bathroom Colonial
Classic well-built home in sought after neighborhood!

729 County StreetDSC_9720
Attleboro, MA 02703
Built 2015
3 bedroom 1.5 bathroom, 1700sf, Townhouse
Turn-key Townhome, nothing to do but move in!

10 Woodchip 10 Woodchip Square
North Attleboro, MA 02760
Rustic Pines Estates
2 bedroom 1.5 bath Mobile Home
Sought after 55+ community with low park fees

102 High Street102 High Street
North Attleboro, MA 02760
Beautiful 2-Family Home
Each unit 2 bedrooms, 1 bath
Heart of North Attleboro

10 Cedar 10 Cedar Lane
Foxboro, MA 02035
3BR, 1.5BA Lakefront Home
300 feet of frontage on Lake Mirimichi
Bring your vision! A true diamond in the rough!

463 Washington Street Commercial463 Washington Street
Attleboro, MA 02703
1.79 Commercial Land
Awesome Rt 1 location
High visibility and close to Rt 95

antique arch arched window architectural designIf you are serious about buying , we are serious about finding you a home!   No matter whether you’d like to buy now during the winter months or you are beginning the process, give a call 508-930-5259. We’d love to get you started with your next move!

Always happy to be of any assistance to you or anyone you know who is thinking about buying or selling a home. I love to work hard for my clients and your referrals throughout Massachusetts and Rhode Island.

Jen McMorran, Realtor

Jennifer McMorran, Realtor, SRES
New Construction & First Time Home Buyer Specialist
MA & RI Licensed Real Estate Sales Associate
Kensington Real Estate Brokerage

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