Nelson Matos - RE/MAX Welcome Home



Posted by Nelson Matos on 10/8/2017

If youíre in the market to buy a home, one of your worst fears may be that of getting into a bidding war. What if you knew it was possible to actually score a home without spending a penny more than your budget? Below, youíll find some tips that you should heed before you even put an offer in on a home. 


Know Your Budget


The first step is to know your budget. If you can spend a bit more than the asking price on a home in a sellerís market, you may want to do just that. Buying a home is an emotional roller coaster and itís easy to get sucked in. You need to think of all things practical before you even put a number on paper for an offer on a home. Work with your lender so that you know what you can spend. You can even consult your lender before you put an offer in if you know the circumstances of the home that youíre working with. The earlier you submit your offer the better.  


Make The Offer Personal


An offer should have some personality and drive attached to it. First, your agent needs to speak with the listing agent. Itís surprising just how many offers are placed where the agents never even speak. As a bonus, you can write a letter to the seller. Let them know how much you love the property, the neighborhood, or their wonderful herb garden that you plan on maintaining. Add some personal flair to your offer to give yourself a leg up as a buyer. 


Try To Close Sooner


Thereís nothing more attractive to a motivated seller than a shorter time frame for closing. If the seller knows that you can close a deal in a shorter period of time, you may be able to win the deal with your sweet incentive. You can close on a deal faster by doing the inspection quickly. If youíre pre-approved for a mortgage that also helps speed the process along. You could even go a step further and get a conditional approval from the lender. 


Give The Sellers What They Want


If the sellers happen to need more time in their home, give them space (unless of course youíre in a hurry to move.) By cooperating with the sellers and not being a high maintenance buyer you can certainly give yourself an advantage in the home buying process. If you really want to impress a seller, submit an ďas isĒ offer. A seller wonít turn down something thatís easier for them.    




Tags: offer   offer letter  
Categories: Uncategorized  




Tags