4 tips for making your best offer on a home.
Are you in the market to buy a new home? Although it’s a sellers’ market, there are still opportunities to be had. When thinking about making an offer be sure to consider these 4 tips:
- Get pre-approved for a mortgage: Before you start making offers on a home, it’s important to know how much you can afford. Getting pre-approved for a mortgage will give you a clear idea of your budget and how much you can offer on a home.
- Understand the market: The Aviles Real Estate Group will help you research the local real estate market to get a sense of home prices and competition. Understanding the market will help you make an offer that’s competitive and in line with current trends.
- Make a strong initial offer: Don’t lowball your first offer. Make an offer that’s strong and shows the seller that you’re serious about buying the home. Our real estate agents can help you determine an appropriate offer based on market trends and the condition of the home.
- Be flexible with contingencies: While you want to make a strong offer, it’s also important to be flexible with contingencies. Contingencies give you an out if certain conditions aren’t met, such as the home inspection revealing major issues. However, too many contingencies can make your offer less appealing to the seller. Work with your real estate agent to determine which contingencies are necessary and which ones can be waived.
Don’t go it alone. Even though it’s a seller’s market you have more negotiating power than you realize. Our agents will help you prepare plan that makes the process easy and develop a winning offer. Let’s talk!