Buying in a seller’s market or buying in what we call a hot market. And 2022 is a hot market even hotter than 2021. So if you’re a buyer, this is a great video for you to watch and take some pointers. So if you’re a buyer and if you have been looking for homes, you know how frustrating it is to see the prices go up day after day after day for the last one or two years. In fact, in 2022, the prices may even go up furthermore five to 10% the way the market is right now. So to take advantage of the low-interest rate to get into a house and not pay the high rents that you are paying, let’s talk about the three hacks or the three-pointers

If you’re searching for a house, there are only 19 homes for sale of all kinds of homes over a million dollars under a million dollars, condos, homes, and all inventory. So let’s say you’re looking for housing and Anaheim Hills and you wanted something for $800,000. And let’s say there are only 19 homes for sale in the Anaheim Hills that we can that you are going to see the homes so the best thing to do is to expand your search add let’s say Anaheim Hills, add your Belinda add orange, add parts of Placencia. If you can, you may want to stay near the school or near your mom, or near your family. So by expanding your search, you’re expanding your choices. So as I mentioned earlier, there are only 19 homes for sale in the City of Anaheim Hills as of today, February 22, 2022. But when I did a search just five minutes ago, adding Anaheim Hills, Yorba Linda, and the city of orange, there are 81 homes for sale. So by expanding your search, you have more choices to choose from your home and to write offers in this crazy hot market Hack number two to find a home in this market is to sacrifice some of the features that you are looking for. Let me give an example. A lot of times, especially the guys are the men, they’re looking for a three-car garage. A lot of the ladies want a great kitchen or vice versa or you may want to buy a house with a pool. So what that does is limit your search criteria that limit your number of homes for sale and limit your chances of buying. So as an example I gave you earlier, there were 81 homes for sale as of today in orange Yorba Linda Anaheim Hills. But if I narrow it down that you want a three-car garage, then that search drops to 29 homes. If I take the same search from 81 homes and let’s say you wanted a pool home, then your search drops from 81 to 41 homes with a pool. So by sacrificing one or two features, you expand your chances of mine in this crazy market.

Hack number three is by below your means. What does that mean? In a normal market? If you are qualified, if your lender said, Hey, Mike, you can buy a house for $800,000. I’m gonna go look for a house for $800,000 because I’m liable to find something in this market that’s happening as you may be aware for the last two or three or four years, especially in 2021 and the first two months of January and February of 2022. A lot of the homes that are priced right that have great features, great locations are actually selling over list price. I’ll give you an example I wrote an offer on a condo listed for 740 and it sold for 865. So to come back to hack number three buy below your means. What I’m suggesting is if you’re qualified to buy a house, as far as your loan amount goes for up to a million dollars, you may not want to look for homes over 900 or 950 because the house that you like and when you write an offer, you may have to write an offer over list price so you can get it for a million dollars. What you don’t want to do is like the house for a million dollars and then it sells for 1.2 You cannot buy it because you’re not qualified you won’t get a loan. So tip number three is to buy below your means or buy below your approved amount so that if there are multiple offers, you will win your listing at the price that you want.