
How to get your dream property despite high demand
Create a clear search profile
Your chances of success are greater if you have a clear idea of your dream property. Often, this only becomes clear during the search. However, you can also give it some thought beforehand. It is also very important to know how much you can spend on the property. If you try to push the price down, you will usually be quickly out of the running when demand is high. It's annoying when a seller sets the price way too high. That's why it's a good idea to focus on listings from professional real estate agents. That way, you can be sure that the price is based on a recognized appraisal and that any flaws are clearly communicated. Many agents also offer the option of creating a search profile on their website. This adds you to the agent's database and ensures that you are informed of suitable offers at an early stage.
Clarify the financing in advance To ensure that everything runs smoothly when buying a house, experts advise that you meet with your bank advisor at an early stage and find out about financing options. Prospective buyers who apply directly with approved financing have better chances. The maximum financing amount depends on various factors. First, you must be able to prove that you have a certain amount of equity. For a property worth $300,000, most lenders require at least $60,000. In addition, you must determine the maximum amount you can afford to pay each month. It is also advisable to obtain a credit report. With this information, you can obtain a financing assessment from your bank or a mortgage lender. Even buyers with less equity or a SCHUFA entry should shop around for several lenders. Some providers have special offers for this.Apply quickly and with complete documentation Last but not least, given the high demand, it is of course also important to be quick. It is best to prepare a standard cover letter with your profile in advance. If you only contact them using a fictitious email address without providing any personal details, most estate agents and sellers will not take you seriously as a buyer and will prefer to invite other interested parties to view the property. However, if you can already provide proof of financial expertise and a completed search profile, you have a good chance. If you like the property after viewing it, you should not take too long to make a decision, but submit your purchase offer quickly. Are you looking for a property? We may have something suitable for you! Fill out your search profile now free of charge. We will contact you as soon as a suitable offer comes in.