In today’s
market, it’s essential to understand how to make a confident and competitive
offer on your dream home. Here are a few tips for success in this critical
stage of the homebuying process.
•
Stay
Flexible During Negotiations
In a competitive market, it’s important to stay
nimble throughout the negotiation process. And we’re not talking about your
daily yoga sesh. You can strengthen your position with an offer that includes
flexible move-in dates, a higher price, or minimal contingencies.
•
Make a
Fair Offer
It’s only natural to want the best deal you can
get on a home, but submitting an offer that’s too low can lead sellers to doubt
how serious you are as a buyer.
•
Be
Prepared to Move Quickly
The average property sold today receives
competitive offers and is on the market for just 21 days. As soon as you find
the right home for your needs, be prepared to submit an offer as quickly as
possible.
•
Understand
Your Finances
Having a complete understanding of your budget
and how much house you can afford is essential. By getting a pre-approval for a
loan, you stand out of the crowd, making it clear to the sellers you’re a
serious and qualified buyer.
•
Listen to
Your Real Estate Advisor
From the start, it emphasizes how trusted
professionals can help you stay focused on the most important things. At times,
this process can get emotional for buyers. A real estate professional should be
the expert guide you lean on for advice when you’re ready to make an offer.
What You Need to Know
Today’s competitive market makes it more
critical than ever to make a strong offer on a home. Reach out to your local
real estate professional to make sure you rise to the top along the way.