5 Ways Millennial Buyers Can Snag Their Dream Home In This Sellers Market
Millennials looking to buy their first, or second, home need ready themselves for a shockingly competitive market. Lack of supply causes attractive homes to garner multiple offers in just a few hours!
So, what can a Millennial buyer do to appeal to sellers and be the one who ends up with the home? Here are 5 ways they can snag their dream home in this seller's market.
Be Decisive
A hot real estate market is no time for cold feet. Millennials should proactively create a list of must-haves and be ready with an offer when they find a home that meets their requirements.
Taking too long to mull over whether they like the house, the neighbourhood, or the price can get a dream house sold right out from under them.
Get Pre-Approved
Sellers like to avoid nasty surprises. Being pre-approved shows the seller the homebuyer is serious and financially able to purchase their home.
Getting pre-approved is perhaps the best move a Millennial homebuyer makes. Speaking to a mortgage broker, allows you to receive pre-approval to allow you to house shop with confidence. 
Get Real
Low-balling an offer won't end happily in this market. Millennials should research pricing in the neighbourhoods they like, and lean on their friends and family for helpful guidance. Making a fair, reasonable offer close to, or even above, the asking price is the best course of action to land the home they want.
Agree to the Seller's Timetable
Sellers often prefer unloading their house fast. Or, they may want to wait to move until their kids are out of school or the new home they are building is ready. Millennial buyers need to dig to get this information and use it to their advantage. Being flexible might just set them up as the best choice for the seller.
While challenging, it's not impossible for Millennials to end up with the house of their dreams. With a bit of planning, decisiveness, and flexibility, they can make homeownership a reality!
