This is the time to prepare – like the old saying: Proper Preparation Prevents Poor Performance. In this case, preparation will allow the process to run as smooth as possible, given the current market that is.
If you’re buying, check out the Buyers Guide to start. Sellers, check out the Sellers Guide. They are the basics to be clear, but a good beginning.
Let’s look at sellers first, in this process. To begin, prepare by calling a Mortgage Broker, a lawyer, and your Realtor (I know a guy). You will want to know clearly what your comfort level is in purchasing, and what you will be allowed to borrow. You will also want to begin the legal process at this time, so no hurdles are needed to be cleared later. As for the me, I’ll begin the comprehensive process of Selling your home, as we prepare to search for the new one. This will include getting the inspection done quickly, and assessing any needs before listing so you have the time needed to address if things come to light.
As for Buyers, much is the same to begin. Mortgage Broker, lawyer, and Realtor (like I said, I know a guy) are your main contacts. If there is no property to sell, its about time and readiness. The ability to be prepared will be an asset, and this means full readiness financially for what you are comfortable with. There are strategies and tactics that may win you an offer, but that comes later in our discussion.