Bargains are tough to find on the housing market this spring, in Louisville and across the nation, but there are still ways buyers can give themselves a leg up.
Local real estate agents are busy these days, with open homes selling at a blistering pace, and often well above asking price. It’s a historic seller’s market, brought on by low interest rates, a low inventory of houses for sale and fierce competition between buyers.
Still, Realtors in Louisville will tell you there are ways you can help yourself before you start shopping. Eight real estate agents shared tips with The Courier Journal on how buyers can get ahead of the competition.
Get preapproved for a home loan
Different Realtors had different pieces of advice for potential homebuyers. But they all echoed one sentiment – you’re going to need a preapproval letter before you start shopping to have any chance of landing a home with several offers.