MOBILE, Ala. (WKRG) — The real estate market is hot right now. Sue and Jimmy Lyon are back with WKRG for another Take 5 to help you navigate a market where houses are sold almost as soon as they’re listed.
Sue and Jimmy break down why the market is so hot. Low inventory combined with low interest rates means property is scarce and there are a lot of people competing to buy those properties. Sue and Jimmy also find that because interest rates are so low, many people are paying more in rent than they would for a mortgage.
Sue and jimmy recommend you get pre-approved for a mortgage now. That way, when you find a house, you’re ready to make an offer.
But how do you get your offer noticed in such a competitive market? Sue and Jimmy have years of experience working with listing agents to structure your offer so it’s more appealing to sellers.
Sue and Jimmy can also help you get ahead of folks who are just searching for homes on the internet. Realtors can quickly locate properties that meet your needs, not only by searching the MLS database, but also by identifying off-market properties that aren’t even listed yet.