Putting In An Offer On A Home

Putting In An Offer On A Home

Whether you are a first time buyer or not, make sure you are ready.  When looking at the home, decide whether or not you can live it in for the next few years, and if so, are you willing to do the fixers which are likely to be needed.  Unless you are buying a new build, expect to do some work yourself, even if you are not planning on any remodeling.

Also make sure your agent shows you comparables within the area of the home you are planning to put in an offer.  Determine what type of market you are in, seller or buyer?  A buyer's market will allow for more discounts due to fewer buyers, and more properties on the market.  A seller's market will cause a home to be sold faster and very likely at full price or even higher.  If that is the case, and you really want the house, spice up your offer.

Make sure your agent submits a preapproval letter with you offer, and even a letter stating why you love/like house can also help, and even win you the bidding war.  I have met some seller's who will sell to the person they like the best.  Make them see you as a person/family rather than a buyer.

Offering low can be insulting so be careful on how low you go.  If you have to sell your present home before closing on another, be prepared to sweeten the deal to get the house.  A full priced offer can typically work.  

Once you finally have an accepted offer, start planning on owning a new home!  Just remember, there will be bumps, but your agent should try to take away as many as possible, or at least shield you from the stress as much as possible.

If you are looking for an agent to handle you with care and respect, please contact me at Realty Executives, 808-348-4114.  I am here to help ease the process for you and help you on your way to owning a new home.  


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Phone: 909-228-2728
Dated: May 6th 2015
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