Emilie Broughton Real Estate Blog

Spring into Action to buy a Home

 

While the pandemic-fueled home-buying frenzy is over, it is not easy to buy a home
this spring. Working against buyers is the affordability crunch and higher mortgage
rates. But well-prepared buyers willing to make certain concessions may be in a
favorable position.
Here are four strategies for how buyers can boost their odds of getting a house this
spring:
1. Consider reasonable concessions. Buyers received concessions in 42% of home
sales in the 4 th quarter, up from 31% a year earlier according to Redfin.
2. Line up financing. Cash offers and strong financing continue to often win out
over higher offer prices. Aim for a down payment of 20%. Some lenders have
programs that enable buyers to become approved before an offer is made. This can
be attractive to a seller over a simple pre-approval letter that hasn’t been through
underwriting.
3. Dig up old listings. Check on properties that were taken off the market. Consider
homes that have sat on the market for more than 2 months and offer a discount,
according to Lawrence Yun, chief economist at National Association of Realtors.
4. Work with your Realtor to include privately held properties in your search. Some
companies that buy and flip homes have a glut of homes in inventory and might be
willing to negotiate to get them off their books. Your agent can help you navigate
this process.

This entry was posted in Blog, Real Estate.
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About Emilie

A transplant from the Pacific Northwest, Emilie has first-hand knowledge of the ins-and-outs of first-time home ownership and remodeling. She has become involved in the local art community and all the diversity Southern California has to offer and more recently has expanded her knowledge to include New Mexico.

Emilie’s passion to be involved in her community led her to become a licensed Realtor and Broker.  She continues to educate herself on different aspects of real estate to support clients with a variety of needs.  She is certified as a Military Relocation Professional (MRP) to work with U.S. Service families and veterans to find affordable housing solutions.

Having worked for both a small boutique firm and a company with a global presence, in 2023 she formed Emilie Broughton Real Estate to work with buyers, sellers, landlords, and tenants in California and New Mexico.

Splitting her time between the Land of Enchantment and the Golden State, Emilie focuses on Los Angeles County and the Greater Albuquerque metro area, helping her clients achieve their real estate goals in both Mountain and Pacific Time Zones.

Emilie represented her region as a California Real Estate State Director for three years.  She has served as President of the Pasadena Foothills Association of Realtors and is a multi-year recipient of the Five-Star Real Estate Professionals Award for the outstanding service she provides to her clients.

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