Tips for Making an Offer Dear Ali,
The number of homes for sale is still lower than historic norms. With a high buyer demand, a multi-offer scenario in the home-buying process is the new normal. Below are some points to keep in mind when you are ready to make an offer. 1. Know Your Numbers A complete understanding of your budget and how much you can afford is necessary. I can help you build a mortgage plan and show sellers that you're serious!
2. Keep Up with the Market According to the Realtors Confidence Index from the National Association of Realtors (NAR), the average home is on the market for only 17 days. So, stay on top of all possible opportunities. When you find the right home for your needs, a real estate professional will help you draft and submit your best offer quickly.
3. Make a Strong Offer In the past, offering at or near the asking price was enough to make your offer appealing to sellers. In today’s market, that’s often not the case, as prices can run high. So, use a real estate agent as your trusted advisor to make a strong, but fair offer based on market value, recent sales, and demand.
4. Think of the Seller When drafting an offer, make sure you keep the seller's needs in mind. Plus, the seller may still counter with their own changes. So, be sure to navigate the conversation and try to fulfill the seller's requests to get the house of your dreams. When buying a home, you’ll want to do what you can to stand out from the competition. Don't hesitate to reach out, I am here to help you along the way!
Best regards, Anna Smith |