4 Tips For Making Your Best Offer

Are you in the market to buy a new home in the near future? While the market may have shifted making it perhaps a bit more balanced than before, we are still in what is considered a seller’s market. Given the competitive landscape that still exists for buyers, here are some helpful tips to consider for when you make a move on submitting your offer. 

Consult Your Real Estate Agent

A local realtor like myself will have the knowledge and experience to best guide you through the offer process. Consider your end goals and allow your agent to best help you get there. There can be some different angles to work when you want to have a successful offer. 

Know Your Budget

Every buyer should be prequalified before engaging in an offer process. It is essential to know your budget and what you can afford to spend and what a lender will give you in the way of a mortgage amount. You should also have a regard for 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 as it was recently. This means you may have more time to consider what is important for you to have when you are crafting your offer. You may have more bargaining power these days than before so you may be able to ask for more of what you want rather than what you think the seller will take. Lean on your real estate agent for best advice for the particular property and local market.

Negotiate Leveraging Agent’s Expertise

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