4 Things To Think About When Making Your Best Offer

Are you in the market to purchase a new home soon? While the market may have adjusted making it more balanced than before, we are still in a seller’s market. Given the competitive landscape that still exists for some buyers, here are some great tips to think about when you make a move on submitting your offer.

Consult Your Real Estate Agent

An experienced realtor such as myself will have the knowledge and experience to best run you through the offer process. Work on considering your goals and allow your agent to best help you get there. There can be some strategy to work when you want to have a successful offer.

Know Your Budget

Every buyer must be prequalified before embarking on the offer process. It is important to know your budget well and what you can afford to spend and what a lender will give you in the way of a mortgage amount. You should also add in other important expenses such as insurance and taxes so you know the amount that is comfortable for you to spend.

Consider Everything Before Submitting Offer

The market today in general is not as fast paced and red hot as it was in recent years. This means you may have a bit more time to consider what is important for you to have when you are writing your offer. You may have more negotiating power these days than before so chances are you could ask for more of what you want rather than what you think the seller will take. Consult with your agent for the best advice for the particular property and local market.

Negotiate Leveraging Agent’s Expertise

Sometimes there are more things to negotiate than just the price of the home. It is less common for buyers to skip a home inspection or not ask for concessions from the seller today where the landscape has changed. However, you can still consider negotiating the deal in other ways such as offering optimal closing dates for the seller for you to agree to. Lean on your real estate agent for ideas on attractive details you can line your offer with.