The housing market secrets realtors won't tell you
The Power of Pre-Approval
Securing a mortgage pre-approval is often touted as a critical step in the home-buying process, but the benefits extend beyond simply knowing your budget. A pre-approval can position you as a serious buyer, which can be advantageous in competitive markets. It can also expedite the closing process, as much of the financial vetting is completed upfront5. Furthermore, having a pre-approval might give you an edge in negotiations, as sellers often prefer buyers who have already secured financing.
Understanding Market Trends and Data
Realtors have access to extensive market data, but not all this information is shared with clients. By understanding market trends, such as average days on the market and price per square foot, you can make more informed decisions6. Websites like Realtor.com and Zillow offer tools to analyze these metrics, helping you gauge whether a property is fairly priced or likely to appreciate in value.