Home Buyer Success in a Low Inventory Market

The time to buy a house has arrived but, you might find yourself wondering how many homes are actually available. There are currently 2400 listings in Orange, Lake, and Seminole counties. YES, you read that right…2400! It seems unreal, but the reality is real estate inventory is at an all-time LOW. The market is constantly changing, and this number is changing by the DAY!

So, how can a buyer be successful with such low inventory? We’re glad you asked!

How You Can Be a Successful Home Buyer in a Market with Low Inventory

Work With a Knowledgeable and Local Real Estate Agent

Buying a home can be an exciting and stressful event. But here’s a little secret, it doesn’t have to be stressful! That’s right. You can actually ENJOY your quest to find your dream home. But how can that be? With houses selling so fast and inventory staying so low? Stress has to be a part of it all, right? WRONG! As long as you choose a team of knowledgeable agents to guide you through the process, your nightmares will dwindle, and your dream will be your new reality! Before you know it, you’ll be sipping chardonnay on your back porch with your new BFF you met next door! We want to take the stressful part of homebuying away so that you can experience all the excitement finding your dream home has to offer.

Staying local matters. It is necessary to work with local agents familiar with the area you want to live in. Whether it be schools, shopping, restaurants, or parks, your agent should know all the ins and outs of the area to help you find the PERFECT home for you and your family.

Erica Diaz Team

Now that you know the importance of staying with a local, knowledgeable agent. The question remains: What team do you choose? Insert drum roll….The Erica Diaz Team, of course! We are Central Florida’s TOP team. We have FIRST instant access to new listings in the area! Our agents have years of experience and are dedicated to making sure you find your PERFECT home in the ideal location while staying on budget! What could be better than that? We have agents that live throughout the tri-county area, so we know the hottest spots and coziest neighborhoods. We are excited to share our experience and expertise of the areas you want to move to.

Our team consists of 13 fully qualified and experienced realtors. We are passionate about finding the perfect home for you. We work hard to narrow your home search and have flexible schedules to meet your needs. Want to meet our fabulous team? We are just a click away! But don’t stop there! We want to meet YOU too! Please take a moment and click here to contact us.

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Get Pre-approved

Get with a lender and get pre-approved! Not just any lender, but our team is here to help match you with THE lender that’s right for YOU. It’s crucial to build a relationship with your lender. This is the first step in the home buying process. And the best part? We are right here with you every step of the way! We are dedicated to helping you find the BEST deal, and your lender should be too. Our knowledgeable agents are happy to help answer any questions about the pre-approval process. This step is an IMPORTANT one, but it doesn’t have to be complicated!

Inventory is low, which means houses are selling almost as soon as they are listed. We don’t was you to miss out on the perfect home. Being pre-approved will ensure that no time is lost when we find the house of your dreams! But you might be asking yourself what you need to get this process going? Guess what? We have the answer to that too!

Get Prequalified

Supply your lender with the information they need to get you prequalified, such as:

NAME
DATE OF BIRTH
SOCIAL SECURITY NUMBER
INCOME
DEBTS

Once you are prequalified, you will know what you can afford. Your lender will even tell you what you need for a down payment! This will help you decide on a budget. But prequalified doesn’t mean pre-approved just yet. You will need to provide a little more information for your lender to be fully pre-approved.

What You Need to be Pre-approved

All info from prequalification
Last two years tax returns and W2’s or 1099’s
Last 30-day paycheck stubs
Last two months of bank statements
Copy of drivers license and Social Security Card
Any other documents your lender requests

Before you know it, you’ll be pre-approved! Then on to the next step in joining your agent in finding the perfect home and ready to make an offer! Isn’t home buying fun?!

Stay Within Your Budget

Your budget matters! Your home is important to us, and so is your budget. Staying on a budget will allow you to have enough money for other essential things you and your family need. What fun is the perfect kitchen if there isn’t money left to fill it? It is important to find a home that meets your needs AND your price point! Staying within your budget will keep this process stress-free, and we are here to help!

Tips to Stay Within Your Budget

Make a List of Priorities

I see you…sitting there dreaming of that three-car garage. And you…drifting away, deep in your thoughts of enjoying that glass of wine while relaxing in a fabulous bath. We all know what we want, but the question remains: What is most important? What are you willing to give up? There is a lot to consider when prioritizing the needs of your home: square footage, backyard, distance to work, and school. You will find that some of these things are a MUST, and some can be taken off the list. You need to know ahead of time what your priorities are. You might want the glorious bathroom, but it is worth sacrificing the perfect location?

Location Location Location

Houses can always be remodeled. You may find the not-so-perfect place in the PERFECT location, and the price is RIGHT! Try to keep an open mind to home improvement and possible updates. It’s much easier to change paint and fixtures than transform an entire neighborhood. Personal touches on the house are what make it a home. It can be fun to say goodbye to the move-in ready house and hello to a cozy fixer-upper. Who knows…you could be the next hit series on the biggest DIY network.

Be Flexible

Your priorities might shift as you begin to look at homes. That’s OKAY! It’s important to remember to BE FLEXIBLE! It’s time to reach for your inner yoga instructor. Hello, downward-facing dog! Don’t overthink it; keep an open mind and have fun with the process! Sometimes we don’t realize what is most important until we are actually in the homes and exploring the neighborhoods.

Ask for Advice

We are here to HELP. Ask for advice! No question is too big or too small. After all, we are the experts. Friends and family can also make the home buying process a lot easier. Seek out those you trust most!

Be Ready

Today’s market is crazy. With inventory so low, you MUST be ready! Know your budget ahead of time, have a list of what you want and need in a home, and get pre-approved. We can help you with EVERY step! When we find your dream home, we don’t want you to miss it! Make yourself available to look at houses and be prepared to make an offer. These are exciting times, and the last thing you want to be is unprepared.

Seek Guidance from Experts

You are not in this alone. We are eager to share our knowledge and expertise. From prioritizing your needs to closing on your dream home, we are experts in helping you every step of the way! Dish it out. We want to know it all! Be open about all your hopes and dreams.

We Are Your Central Florida Real Estate Experts!

Erica Diaz Team – Home Buyer Success in a Low Inventory Market

Contact the Erica Diaz Team

: 407.951.9742 : [email protected]

Home Buyer Success in a Low Inventory Market

How You Can Be a Successful Home Buyer in a Market with Low Inventory