Top 3 Tallahassee Buyer Tips

1.  KNOW THE COMPARABLE SALE PRICES FOR YOUR DESIRED HOME PURCHASE.  Sounds like a cliche, but values in Tallahassee vary significantly based on location, construction, condition, amenities and similar property inventory levels. 

2.  GET PREQUALIFIED BY A LOCAL LENDER.  Obtaining a prequalification letter from a mortgage lender of your choice adds to your negotiating power.  This is particularly true in Tallahassee which is experiencing a higher-than-normal rate of contracts falling through.  If a seller has confidence that your offer will actually result in a sale, that may give you a little more flexibility on offer price and terms. 

3.  DON'T SPEND ALL YOUR TIME TRYING TO TIME THE MARKET.  There are many variables that play into a home's cost.  While you may wait for prices to fall farther in Tallahassee, interest rates may rise, or mortgage lender restrictions may tighten.  If you rent, the money you pay as rent while you wait, could be going towards equity in your new home.  This is a buyer's market in Tallahassee - the best time to buy is when you are emotionally and financially ready.