Being an attractive home buyer is especially important in the seller’s market we have today. Many sellers receive multiple bids for a property, and when those bids are extremely competitive, they may have to choose a buyer based upon criteria other than price. Before hitting the streets with a real estate agent, consumers should take a few practical steps that will pay off by helping others see them in a more positive light.

The first step toward being an attractive home buyer is to check one’s credit report in order to find out just how healthy it really is. Checking the report four to six months before buying will allow consumers time to clean up any negative data or clear up discrepancies that could affect their ability to obtain a mortgage.

Individuals should also begin doing diligent research on local housing markets, mortgage interest rates and the types of loans that are available. That way, they will have a better idea of what might be required in the way of closing costs and loan requirements before making an application with a lender. It will also give buyers a better idea of the fair market value of property so they will be in a better position to make a respectable offer once they locate the home they’re looking for.

Many real estate agents recommend that buyers obtain pre-approval for a mortgage before they begin viewing properties. This has numerous benefits for everyone: buyer, seller and real estate agent. Buyers will not be tempted to look at properties they cannot afford, and real estate agents can be sure they aren’t wasting anybody’s time showing homes to clients who are unable to obtain a mortgage for that property. During the bidding process, sellers can take comfort in knowing that the likelihood of bank approval is high. This relieves the anxiety of wondering whether banks will reject a buyer’s application, thereby requiring them to place the property up for open bid again.

Part of being an attractive home buyer involves knowing what type of property is attractive in the current market. Some considerations for buying should include location, size, and type of structure. Buyers who determine their wants ahead of time can better spot the home that’s best for them right away. Buyers will also be able to realize when they have found that special piece of real estate and won’t make untimely delays in placing an offer.

Being an attractive home buyer doesn’t mean failing to stand up for one’s rights, however. A home is a major investment, which means consumers should be prepared to pay for a home inspection and title search in order to make sure everything is in order. Taking the time to carefully check all these details can often mean the difference between realizing a dream and buyer’s remorse.