Four Things To Consider When Making Your Best Offer

Are you in the market to buy a new home soon? While the market may have had a correction where it is more balanced than in recent years, we are still currently in a seller’s market. Given the competitive landscape that still persists for some buyers, here are four helpful tips to follow when you submit your offer. 

Consult Your Real Estate Agent

An experienced realtor like myself will have the knowledge and experience to best guide you through the offer process. Work on establishing your goals and allow your agent to help you achieve them. There can be some strategy to work when you want to have a successful offer. 

Respect Your Budget

Every buyer must be prequalified before starting the offer process. It is crucial to know your budget, be clear on what you can afford to pay and clear on what a lender will give you in the way of a mortgage. You should also have an idea about other important expenses such as insurance and taxes so you know the amount that is comfortable for you to afford. 

Consider Everything Before Submitting Offer

The market these days is not quite as fast paced and red hot as it was in recent years. This means you may have the luxury of having a little more time to consider what is important for you to have when you are writing your offer. You may have more negotiating power 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 strategy for the property of interest given the local market conditions.

Negotiate Leveraging Agent’s Expertise

There are more things to negotiate than just the asking price of the home. It is less common for buyers to skip a home inspection and not ask for concessions from the seller now where the landscape has changed, but you can still negotiate the deal in other ways. These include things like offering optimal closing dates for the seller for you to agree to. Consult your real estate agent for ideas on creative ways that you can craft your particular offer with.