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Navigating the home buying market

ST. LOUIS, MO (KTVI)-The spring home buying season is in full swing in the St. Louis metro. Limited inventory of homes listed for sale, affordable sale prices, low mortgage rates and qualified buyers actively searching for a new home are all the ingredients for a hot local housing market.

Recent reports of buyers competing for tight listings and engaging in “bidding wars”, submitted multiple offers on individual listings and even making unsolicited offers to purchase homes that are not yet listed for sale, amplify the need for buyers to be well prepared before they commence their new homes search.

Jeff Berger, President of Groundwork Mortgage, tells us how to navigate the hot local market.