How To Make a Winning Offer
There’s more to getting your dream home than just throwing out a number close to the offering price. You need to stay inside your budget, look at comparable homes in the area, and think about how many other buyers are just waiting to jump on your blunder. In today’s market, it’s essential to understand how to make a confident and competitive offer on a home. The offer is a critical stage in the homebuying process, so we’re here to give you a few tips.
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 3.7 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.
Get a Mortgage Broker
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 mortgage broker is the guiding hand you can lean on for advice.
What You Need to Know
There’s a lot of decisions that go into making an offer on your dream home. Today’s competitive market makes it more pertinent than ever to deliver the perfect number. Reach out to the Green Mortgage Team today to make sure you stand out from the rest without compromising your budget.
-Kyle Green
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