Terryl Carl
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Are you looking to purchase a home this spring? With the real estate market still favoring sellers, it’s important to be strategic when it comes to making an offer. Buying a home is a significant investment, and you want to ensure that you are getting the best value for your money. By following these tips, you can increase your chances of having your offer accepted and securing the home of your dreams.
Rely on an agent who can support your goals. As Bankrate notes:
“. . . select the best real estate agent for your needs. They will be a critical part of your home buying process.”
Agents are local market experts. They know what’s worked for other buyers in your area and what sellers may be looking for in an offer. It may seem simple, but catering to what a seller needs can help your offer stand out.
“Understand your current budget … what are your expenses, how’s your spending, would you need to make changes?”
The best way to understand your numbers is to work with a lender so you can get pre-approved for a loan. It helps you be more financially confident, and it shows sellers you’re serious. That can give you a competitive edge.
Today’s market isn’t moving at the record pace it did during the pandemic. That means you may have a bit more time to think before you need to make an offer. According to Danielle Hale, Chief Economist at realtor.com:
“In general, you likely have more time to make an offer, although that’s certainly not a guarantee. If you’re on the fence about a home or its asking price doesn’t quite fit your budget, you might want to keep an eye on it, and if it doesn’t sell right away, you may have some room to negotiate with the seller.”
While it’s still important to stay on top of the market and be prepared to move quickly, there can be more flexibility today. Lean on the advice of your agent as you explore the options in your market.
During the pandemic, some buyers skipped home inspections or didn’t ask for concessions from the seller in order to submit the winning bid on a home. Fortunately, today’s market is different, and you may have more negotiating power than before. When putting together an offer, your trusted real estate advisor will help you think through what levers to pull.
When it comes to making an offer on a home, it’s crucial to be strategic and well-informed. By working with a trusted real estate advisor, you can gain valuable insights into the local market, the home’s value, and the seller’s situation. I can help you come up with a competitive offer that reflects the home’s true value while also keeping your budget in mind. With my expertise and guidance, you can increase your chances of having your offer accepted and securing your dream home. So, when you’re ready to make your move, be sure to connect with me to help you make your best offer.
Article Source: www.keepingcurrentmatters.com
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