Posts from June 7th, 2021

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How to Be Prepared in a Competitive Housing Market

June 7th, 2021 by Haring Realty

Competitive Housing Market - Buy a Home - Haring Realty

Real estate markets across the country are red hot. It is not uncommon for sellers to receive numerous offers within days of listing their property. Time and time again, our REALTORS® have seen homes sell for well above their listing price. If you have your eye on the perfect property for your next home, we recommend taking the time to get prepared before you jump into the pool of buyers eager to get their hands on your dream home.

Preapproval
Start by getting preapproved for a loan. This is more rigorous than a prequalification process and shows you precisely where you stand and how much the lender will loan for your purchase. There are multiple advantages to this when searching for Mansfield or Ashland homes for sale. It helps narrow down your search to only those properties within your price range. This speeds up the process considerably. It also shows you how high you can go if a bidding war breaks out. Equally important, when multiple offers are submitted, sellers are more likely to accept offers from preapproved buyers than those who are merely pre-qualified.

In fact, be prepared to pay more than the listing price. This is especially true for well-maintained homes in desirable locations. It's not unheard of for homes to sell for 100-110% or more of the asking price. As you search, factor this into your calculations and search for homes that are 95% or less of your preapproval.
Click Here to Read More...

Categories: Buy a House

Tags: Mansfield OH, For Buyers, buyers, Finance, Mortgage, Buying a house, Haring Realty, Home Loan, Home-buying tips, Shelby OH, Bellville OH, Ashland OH, Ontario OH, Crestline OH, Crestview OH, Delaware OH, Fredericktown OH, Galion OH, Hillsdale OH, Lexington OH, Madison OH, Mapleton OH, Marengo OH, Mount Gilead OH, Plymouth OH, Sunbury OH

Jim Hairston Cell: (567) 241-2642 Email Me

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/14/2026. The listing information on this page last changed on 04/14/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 04/14/2026 1:32:17 AM EST) or CBRMLS (last updated Tue 04/14/2026 12:44:28 AM EST) or Ashland MLS (last updated Mon 04/13/2026 10:00:38 PM EST) or Firelands MLS (last updated Mon 04/13/2026 11:11:45 PM EST) or MLS NOW (last updated Tue 04/14/2026 12:17:30 AM EST) or Mansfield MLS (last updated Mon 04/13/2026 11:47:14 PM EST). Real estate listings held by brokerage firms other than Haring Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Posts from June 7th, 2021

How to Be Prepared in a Competitive Housing Market

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