We are still in a strong seller’s market this fall, so as a buyer, how can you make sure that your offer stands out? Today, I have four tips to help you do just that.
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If you are thinking about buying a home this fall, I have four tips to help make your offer stand out:
1. Find out how much home you can afford. This is a little different than just figuring out how much you are pre-approved for. You need to be comfortable with the down payment money, your monthly mortgage payment, and all of the other minor repairs that come into play after you purchase the home.
2. Act fast. If you find that perfect home, meet with your agent and put in an offer on that house ASAP. We are still very much in a seller’s market right now. Buyers are still competing for the same houses, so you need to get your offer in right away!
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3. Make a solid offer. Work with your agent to determine what you can do to make your offer stand out. Some buyers write a personal letter to the seller while others shorten the due diligence period. There are many things you can do to make your offer stronger from the get-go, so talk to your agent in order to determine how to submit your best offer.
Low inventory and high demand make fall a great time to sell.
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4. Be prepared to negotiate. Whenever we negotiate offers, you need to be prepared to negotiate on a couple of different fronts. Of course, you will need to negotiate the purchase price. You also need to negotiate terms such as the closing date, which appliances will stay in the home, whether or not you pay for a home warranty, and all kinds of things. Even after you are under contract, you will have to negotiate repairs with the seller after the home inspection report comes back.
These four tips will help you make a successful home purchase. If you have any other questions about the home buying process or about real estate in general, give me a call or send me an email. I would be happy to help you!
