Here are five tips for success in this critical stage of the homebuying process.
>>Listen to Your Real Estate Advisor
Trusted professionals can help you stay focused on the most important things, especially at times when 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.
>>Understand Your Finances
Having a complete understanding of your budget and how much house you can afford is essential, so get pre-approved for a loan early in the homebuying process. Doing so make it clear to sellers you’re a serious and qualified buyer and can give you a competitive edge in a bidding war.
>>Be Prepared to Move Quickly
Today’s market is highly competitive, so it’s vital to stay agile and alert in your search. As soon as you find the right home for your needs, be prepared to submit an offer as quickly as possible.
>>Make a Fair Offer
It’s only natural to want the best deal you can get on a home. However, Freddie Mac warns that submitting an offer that’s too low can lead sellers to doubt how serious you are as a buyer. Don’t make an offer that will be tossed out as soon as it’s received.
>>Stay Flexible in Negotiations
After submitting an offer, the seller may accept it, reject it, or counter it with their own changes. In a competitive market, it’s important to stay nimble throughout the negotiation process.
Today’s competitive market makes it more important than ever to make a strong offer on a home. DM me to make sure you rise to the top along the way.
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