Can you get a leg up on the competition when homes in Maine are selling as fast as they are now? You bet you can.
If you missed this recent article in the Maine Sunday Telegram, check it out. If you’re trying to buy a new home in southern Maine these days, you’re up against a lot of competition. So many buyers are out there that homes are being sold almost as soon as they come onto the market. That’s why you need to know this key tip about how to proceed in such a tight market.
Reporter Craig Anderson’s article is right on the money. Inventory is extremely tight right now. “The shortage of available homes for sale in southern Maine is forcing home buyers to check frantically for new listings each week, dash to the open house for each property and submit their offer immediately if they hope to have any chance, according to buyers, sellers and their real estate brokers. It also has pushed prices upward and led to some irrational market behavior.”
Anderson quoted one York County real estate broker as saying that right now it is not unusual for buyers to lose out on multiple attempts to purchase a home, even if they are making offers that are above each seller’s asking price.
Remember, as CJ explains here, there are a couple of key things to do if you’re looking to buy a house in such a super-competitive market. And having an experienced advocate right by your side is most definitely the top priority.