If you’re in the market to buy a home, here are four tips that will have you on your way to a smooth and successful purchase.
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What are my four tips for making a successful offer?
First, understand how much you can afford. I know you’re anxious to get out there and see some great homes, but don’t put the cart before the horse. When it comes to a wise overall buying strategy, you simply can’t fail to speak to a mortgage professional first.
Doing this benefits you in several ways, and you want to have every advantage in your home search. When you speak to a loan officer and get pre-approved, you know exactly what you can afford. You also don’t waste time looking at homes you can’t afford while the ideal home you can afford is snatched up by someone who did their preliminary homework and got their pre-approval.
Second, act fast. The inventory of homes for sale is very low in many desirable neighborhoods. Competition is hot, and buyer demand is outpacing the supply of existing homes. Locally, we’re seeing less than four months of inventory in some areas. A six-month supply of active listings is needed for a balanced market. Our present inventory situation pits buyers against each other in competition for their dream homes. Once you find your ideal home, you must be able to present your offer promptly.
Third, make a solid offer. According to Freddie Mac, “Your strongest offers will be comparable with other sales and listings in the neighborhood. The licensed real estate agent you’re considering will be instrumental in helping you put a solid offer together based on their experience and other key considerations such recent sales of similar homes, the condition of the home, and what you can afford.”
We’re expert negotiators, and our high volume means that we’re negotiating more deals than anyone in the market. However, making impossible lowball offers doesn’t get you closer to your goal. These offers are frequently rejected, and the sellers are often angered and alienated by them. We can help you craft an offer that is very advantageous to you and also has a good chance of being accepted. We have other secret techniques that will help your offer stand out and make it more attractive to sellers.
We want you to get the very best deal possible on your home purchase.
Lastly, be prepared to negotiate. Negotiations are part of the game, and you’ll almost certainly get some type of counteroffer. It might be the price or some other term of the contract, so expect it and be ready for it.
The bottom line is when you have a local, skilled, experienced team of real estate professionals on your side, the process is heavily weighed in your favor and can go so much more smoothly. Now get out there and find your dream home!
If you have any questions about this topic or are looking to buy or sell a home in our market, please don’t hesitate to reach out to us. We’re here to help.
