How Buyer’s Agents Can Navigate a Hot Market
Abstract
Are you up for the challenge? Keep reading to learn how to navigate a hot market as a buyer's agent. How do you know when the market is hot? You'll typically see prices rising quickly, homes selling fast, and in-full cash offers routinely beating out conventional financing. To calculate the DSI, divide the number of homes on the market by the number of homes selling each month. If there were 1,000 homes on the market and 100 selling each month, your market would have 100 days of inventory. Understanding the goals and motivations of each type of buyer will help you move efficiently in a hot market. Manage Your Client's Expectations Speaking of dream homes, a hot market demands realistic expectations. Work Smarter For Buyers in a Sellers's Market Helping buyers thrive in a hot real estate market is no easy task.