4 Tips for Buying a Home in 2021

buying a home in 2021

Believe it or not, but there has actually been a surge in demand among homebuyers despite the pandemic. This is in part due to the low interest rates on mortgages and the desire for stability from a lot of renters turned first-time homebuyers. Unfortunately, many would-be sellers are less likely to sell during the pandemic due to the desire for stability. As such, there’s a limited supply available and a lot of competition, creating a seller’s market. With that in mind, the following are four tips for buying a home in 2021:

  1. Secure a mortgage pre-approval – Getting a mortgage pre-approval will give you a much clearer idea of what you can afford, thereby ensuring you don’t waste time looking at homes you can’t afford. A pre-approval letter can go a long way towards getting your offer accepted as well, especially if you’re competing against buyers without one.
  2. Calculate your budget and stick to it – Sit down and determine what your budget is. The size of the loan you can secure may not be what you can actually afford to pay, so keep monthly payments in mind. If you get caught in a bidding war with other buyers, do not go over your budget.
  3. Understand all of the costs of homeownership – First-time homebuyers often make the mistake of thinking they can afford a property they actually can’t, simply because they didn’t understand the total costs. Keep in mind things like utility costs, property taxes, and homeowner’s insurance.
  4. Work with a real estate agent – A real estate agent will not only provide helpful advice, but they can also help you find the types of houses you’re looking for and negotiate on your behalf.

Buying a home in 2021 can be challenging due to the limited supply and growing competition. These tips can help you on your homebuying journey. For more professional home buying advice, be sure to contact us at Randy Lindsay today.

Buying a Home: Asking For Repairs Or Credits

asking for home repairs

One of the most important steps of the home buying process is the professional home inspection. As a buyer, you’ll want to make sure that you’re not purchasing “damaged goods.” A home inspection will reveal any issues that the seller maybe wasn’t aware of (or that only recently occurred). If you’re buying a home and the inspection reveals some issues, then you have three options: you can back out of the deal, you can request repairs, or you can ask for a seller credit.

Asking For Repairs

If there are problems that require repair or replacement (for instance, there’s a leak in the roof), then you can simply ask the seller to take care of it before the purchase goes through. Many sellers are willing to pay for repairs, especially ones that aren’t too costly, to help the sale go through.

Asking for a Seller Credit

Another option is to request a credit. Instead of doing the repairs, the seller would provide a credit that is equal to how much the repair would cost. The credit can go towards the buyer’s closing costs, but it can also be combined with a higher sale price so that it becomes a part of the mortgage. If the buyer receives a credit, then they will be responsible for taking care of the repairs after buying the house.

If your inspection has revealed issues with the house you want to buy, then you’ll want to carefully consider your options. Also, keep in mind that the seller does not have to agree to do repairs or to provide a credit — although, if this is the case, then you’re legally entitled to back out of the sale. For more information about home inspections or about buying a home in general, be sure to contact us at Randy Lindsay.

When Should I Begin House Hunting?

house hunting

Buying a house is a massive decision, especially if you’re a first-time homebuyer and you don’t really know what to expect. Should you just dive in headfirst and go house hunting the moment that you make the decision? Probably not. There are things you may need to do before you should begin looking for homes.

What to do before beginning house hunting

You’re going to want to get things in order before you begin looking for houses. You should also understand that it can take some time to find the right house. With that in mind, consider your present situation. If you’re renting and you’ve just renewed your lease, now may not the best time. Typically speaking, you should wait until there are around five months left on your lease before you even begin the process.

The reason you need so much time is that there’s a lot to do. For example, you’ll want to get a mortgage pre-approval as well as put together a budget so that you have an idea of what you can afford. There’s no point in house hunting if you’re looking at properties that are out of your price range. You’ll also want to do some basic online research on homes in areas you’re interested in. Put together a list of wants and needs.

All of this can take a month or two. Once you have all the information you need, you’ll want to contact a real estate agent to help with the house hunting process. It can take a month or two to find the right house for you. Finally, once you put in an offer, it could take a month to go through.

Buying a house requires a lot of time and effort. As such, you should give yourself a timeline of five months when going house hunting. For more home buying advice, contact us at Randy Lindsay today.

Benefits of Buying a Home at the End of the Year

buying a home

Most real estate agents will tell you summer is the peak real estate season. In fact, around half of all homes sold during the year are sold during the summer. There are many reasons for this – families have an easier time house-hunting when their kids are out of school, the weather is much nicer, and more.

Despite the reasons why most homebuyers buy new homes in the summer, you might want to consider buying a home at the end of the year. Here’s why:

  • Better Moving Prices – The cost of moving can be expensive. However, moving companies often base their rates on how busy they are. As you can imagine, they’re busiest during the summer when the majority of homes are being sold. They’re much less busy in the winter, which means they’ll be more affordable.
  • Less Competition – There will be fewer buyers during the winter since most people go house-hunting in the summertime. You’ll be much less likely to find yourself in a bidding war for the home you want. With fewer buyers, you also have more negotiating power with sellers.
  • More Motivated Sellers – Homesellers fully understand summer is the best time of year to sell. If they have listed their house during the winter, it means that they likely need to sell, and probably as fast as possible. They could be forced to sell as a result of their financial situation or because they are relocating for work. Whatever the reason, there’s a good chance they will be more willing to negotiate.

These are just a few reasons to consider buying a home during the fall and winter seasons at the end of the year. For additional real estate advice, contact us at Randy Lindsay today.

Buying a Home: How to Avoid Bidding Wars

buying a home

A bidding war is just one of the many challenges you may face when buying a home. A bidding war occurs when more than one buyer submits a bid for a house.

When this happens, the seller can sit back and let the buyers bid against each other, driving the price up. The last thing you want is for the price of a house to go up, so you’ll want to avoid a bidding war if possible. The best way to do this is by making sure your initial offer is a strong one.

You can do that by doing the following:

  • Avoid lowballing the seller – Don’t try to lowball the seller. When you do this, you waste valuable time, giving other buyers a chance to submit a stronger offer. Make an offer you think the seller will actually accept. This can reduce the risk of a bidding war.
  • Make your offer quickly – Buying a house is a huge decision and one that people typically want to think about first. However, the longer you take to make up your mind, the more likely it is that someone else is going to come along and submit a bid. If you see a house that meets all your needs, you should make your offer quickly. The faster you submit a bid, the more likely you are to avoid a bidding war.
  • Provide proof of funds – Proof of funds (such as a mortgage pre-approval) strengthens your bid. Sellers are more likely to accept offers on the spot if they know the buyer has the money.
  • Remove contingencies – Removing certain contingencies, such as minor repair requests during the inspection, can move the process along and prevent new buyers from coming into the picture.

Use these tips to avoid a potential bidding war when buying a home. For more advice on navigating the real estate world and buying a new home, contact us at Randy Lindsay today.

5 Risks of Buying Home Without an Agent

buying a home without an agent

Anyone considering buying a home should seek the assistance of a professional real estate agent. You can find listings online, attend open houses, and schedule private property tours on your own. But the home-buying process is much more complicated than it may initially appear.

Here are 5 reasons why buying a home without an agent is a bad idea:

  1. Negotiating is difficult – Knowing how to negotiate can save money. An agent has experience negotiating and can potentially help bring the price down or improve the terms.
  2. The closing process is complex – There’s a significant amount of paperwork involved in buying a house. An agent can guide you through the closing process.
  3. You might overpay – An agent is going to have a much better idea of what the value of any given house is based on the local real estate market. It has much to do with the demand in the area for that type of property.
  4. You won’t know anything about the area – Local agents can provide you with important information about a neighborhood, such as how safe it is, if any construction is planned in the future, what the school district is like, and more.
  5. You’ll waste too much time searching – You can find listings online, but you may end up wasting a lot of time looking at houses that don’t match your needs. Agents use networking to find houses that match your needs and budget. They can also show properties that may not have been listed yet.

Buying a home without an agent is rarely a good idea. To speak with a professional real estate agent, contact us at Randy Lindsay today.


Randy has enjoyed over 27 wonderful years in the Real Estate industry making dreams come true for homeowners.

Superior customer service is #1 to Randy and he provides this to all of his clients using knowledge, professionalism, integrity and persistence.

Randy is a successful and experienced real estate agent who expertly represents both buyers and sellers. Scores of Charlotte area residents have trusted Randy in the process of listing their homes to sell.

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