Top 5 Mistakes Buyers Make in a Hot Market

Buying a home in a hot market is exciting—but it can also feel overwhelming. Homes often go under contract in days (sometimes hours), multiple offers are common, and buyers who aren’t prepared can miss out.

Here are the top five mistakes buyers make in a competitive market—and how you can avoid them.

1. Waiting Too Long to Make an Offer

In a hot market, hesitation costs you. A home you love today may be gone tomorrow.

Tip: Have your pre-approval ready and a clear idea of your must-haves. That way, when the right property comes along, you can act quickly and confidently.

2. Starting Too Low

Lowball offers might work in a slower market, but here, they often take you out of the running immediately.

Tip: Review comparable sales with your Realtor® to make a competitive—but still smart—offer.

3. Shopping Without Pre-Approval

Touring homes without pre-approval is like shopping without your wallet. Sellers want proof you’re financially ready, and they’ll choose prepared buyers every time.

Tip: Secure pre-approval before you start house-hunting. It strengthens your offer and saves time by keeping your search focused.

4. Waiving Contingencies Without a Plan

Waiving inspections or appraisals might make your offer look stronger—but it can leave you vulnerable to expensive surprises.

Tip: Talk with your Realtor® about strategic ways to compete without putting yourself at unnecessary risk.

5. Letting Emotions Take Over

Bidding wars and FOMO (fear of missing out) can push buyers to overpay or settle for a home that isn’t truly right.

Tip: Stick to your budget and your priorities. The right home will be worth the wait.

Ready to Buy With Confidence?

A hot market doesn’t have to mean a stressful experience. With the right strategy and guidance, you can succeed. I help buyers navigate competitive conditions with confidence—so they find the right home at the right time.

📞 Call/Text: (941) 702-3098
✉️ Email: julia.montei@cbrealty.com
🌐 Visit: juliamontei.com

Julia Montei, Realtor® ABR, CIPS, CLHMS, GRI, SRES, SRS
Coldwell Banker Realty – Global Luxury