Tips for Bidding Wars


Bidding Wars

With home values going up in Sheridan County and limited inventory, buyers should gear up for bidding wars. By having an experienced realty team who knows the housing inventory in the area, giving you the necessary edge to compete for a property for sale in the Big Horns.

Throughout the country, home prices are up compared to last year. In fact a recent Standard & Poor’s/Case-Shiller Home Price Index showed prices are back to 2007 levels. While it’s good news for sellers in the Big Horns. Buyers benefit from the help of Realtors who know how to make the right bids in a seller’s market. According to an article by U.S. News and World Report, buyers need to move quickly if they see a home they love.

Shopping with a pre-approval

Before you start a house hunt for a property for sale in the Big Horns, get a pre-approval. A pre-approval means a lender estimates what you can afford in a certain price range. In most cases, your loan will go through because the lender pulls your credit. Experts suggest you avoid taking out new loans on cars or opening up new credit lines while waiting for closing.

Visiting neighborhoods at different times

After touring different homes for sale in Sheridan County, feel free to drive by on other days and at certain times to find out about traffic flow and noise. Homes near the Bighorn Mountains, often have quiet and serene settings. However, you get a better feel for a neighborhood by visiting several times. Lean on Concept Z to explain how far the home is located from schools, attractions, restaurants and recreation facilities.

At Concept Z Home and Property, we work hard for our clients in the Big Horns. For more information about property for sale in the Big Horns, please contact us.