Real Estate REALITY | Fall 2025 Homebuyer Game Plan

Market snapshot
• Inventory is still tight, but fall brings more motivated sellers (job moves, year-end plans).
• Competition eases after summer; well-priced homes still move fast.
• Mortgage rates are hovering in the mid–high 6% range and can flirt with 7%—build a buffer.

What smooth deals have in common
• Realistic pricing expectations based on fresh comps.
• Fast communication and e-signs.
• Clear understanding of the path: search → offer → option/inspections → appraisal → clear to close.
• Honest budget talk up front (down payment, reserves, monthly comfort).

Paperwork to prep now
• Full pre-approval letter.
• Last 2 years W-2s/1099s and tax returns.
• Recent pay stubs and 2–4 months of bank statements.
• Debts/assets list; gift letters if needed.
• Government ID and homeowner’s insurance info.

Fall pitfalls to avoid
• Overlooking closing costs and prepaid items.
• Skimming contingency terms (inspection, financing, appraisal).
• Missing contract timelines around holidays and travel.

10-day action plan

1. Get fully pre-approved and set a monthly payment ceiling.

2. Review neighborhood comps from the last 30–60 days.

3. Price out closing costs and rate buydown options.

4. Create a clean digital folder for docs and e-signing.

5. Tour quickly on new listings; bring a repair/upgrade checklist.

6. Write clean offers; limit contingencies you don’t need.

7. Schedule inspections fast to keep leverage.

8. Ask about seller credits or appliances/furniture concessions.

9. Lock your rate strategically; watch CPI/Fed dates.