4 Strategies to Landing Your Dream Home in a Seller’s Market

Strategies to Landing Your Dream Home in a Seller’s Market

Are you looking for a new home? Have your eye on that dream house? Here are 4 strategies to landing your dream home in our current real estate market.

Strategies to Landing Your Dream Home

  1. Be nimble, be flexible.
    Try to investigate new listings quickly – within hours of their first posting, if possible. If you’re interested in a house but an inspection finds a few flaws, you may have to be flexible about accepting a house with a few quirks or in need of some repairs.

  2. Make a strong offer.
    A seller’s market isn’t a time to low-ball your first offer on a house you want. If you’ve prepared and set your expectations below your minimum price range, you should be able to make a strong offer to ensure you are among the most attractive bidders. You shouldn’t wildly overpay, but making a strategic offer above the listing price may sweeten the deal enough to close quickly.

  3. Earnest money.
    You may consider offering a meaningful earnest money component to your offer to show you are serious. Just understand that this money is put at risk if you later change your mind.

  4. Few strings.
    Try to make your offer as simple as possible. The more contingencies, the more room for someone else to sneak in and snap up your target home. Flexible move-in dates may help the seller navigate their purchase. Having to sell your home before buying theirs may create a snag versus another offer.

Top Reasons to Incorporate Your Business

Have you been considering incorporating your business? Wondering if it is worth the trouble? Here are top reasons you may want to consider incorporating your growing business.

  • Protect your personal assets from creditors.
    When you operate your business within a corporation, creditors are often limited to corporate assets to satisfy a debt. Your home, savings, and retirement accounts are no longer fair game.

  • Provide a personal liability firewall.
    The corporate form can help protect you against claims made by others for injuries or losses arising from actions of your business.

  • Issue shares of stock.
    You can help build your business by issuing shares to new investors, or by offering stock options to key employees as a form of compensation.

  • Gain tax flexibility.
    A corporation can provide you with more tax flexibility. Deliberate planning can help optimize the taxable division between corporate income, dividends, and your personal wages.

  • Enhance your business presence.
    Being incorporated sends a signal that your business is a serious enterprise and it could open doors to opportunities not offered to sole proprietors. Consumers, vendors, and other businesses often prefer to do business with incorporated companies.

If you are still going over the pros and cons of incorporating your business, pick up the phone. Together, we can complete a thorough tax review that will help shed light on the impact such a move will have on your business situation.

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