{"id":8285,"date":"2024-03-18T10:30:00","date_gmt":"2024-03-18T10:30:00","guid":{"rendered":"https:\/\/thezakariagroup.com\/4-tips-to-make-your-strongest-offer-on-a-home\/"},"modified":"2024-03-18T10:30:00","modified_gmt":"2024-03-18T10:30:00","slug":"4-tips-to-make-your-strongest-offer-on-a-home","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/4-tips-to-make-your-strongest-offer-on-a-home\/","title":{"rendered":"4 Tips To Make Your Strongest Offer on a Home"},"content":{"rendered":"
Are you thinking about buying<\/a> a home soon? If so, you should know today\u2019s market is competitive in many areas because the number of homes for sale is still low \u2013 and that\u2019s leading to multiple-offer scenarios. And moving into the peak homebuying season this spring, this is only expected to ramp up more.<\/p>\n Remember these four tips to make your best offer.<\/p>\n Rely on a real estate agent<\/a> who can support your goals. As PODS<\/em> notes<\/a>:<\/p>\n \u201cMaking an offer on a home without an agent is certainly possible, but <\/em>having a pro by your side gives you a massive advantage in figuring out what to offer on a house<\/em><\/strong>.\u201d<\/em><\/p><\/blockquote>\n Agents are local market experts. They know what\u2019s worked for other buyers in your area and what sellers may be looking for. That advice can be game changing when you\u2019re deciding what offer to bring to the table.<\/p>\n Knowing your numbers is even more important right now. The best way to understand your budget is to work with a lender so you can get pre-approved<\/a> for a home loan. Doing so helps you be more financially confident and shows sellers you\u2019re serious. That gives you a competitive edge<\/a>. As Investopedia<\/em> says<\/a>:<\/p>\n \u201c. . . sellers have an advantage because of intense buyer demand and a limited number of homes for sale; <\/em>they may be less likely to consider offers without pre-approval letters<\/em><\/strong>.\u201d<\/em><\/p><\/blockquote>\n It\u2019s only natural to want the best deal you can get on a home, especially when affordability<\/a> is tight. However, submitting an offer that\u2019s too low does have some risks. You don\u2019t want to make an offer that\u2019ll be tossed out as soon as it\u2019s received just to see if it sticks. As Realtor.com<\/em> explains<\/a>:<\/p>\n \u201c. . . <\/em>an offer price that\u2019s significantly lower than the listing price, is often rejected by sellers who feel insulted <\/em><\/strong>. . . Most listing agents try to get their sellers to at least enter negotiations with buyers, to counteroffer with a number a little closer to the list price. However, <\/em>if a seller is offended by a buyer or isn\u2019t taking the buyer seriously, there\u2019s not much you, or the real estate agent, can do.\u201d<\/em><\/strong><\/p><\/blockquote>\n The expertise your agent brings to this part of the process will help you stay competitive and find a price that\u2019s fair to you and the seller.<\/p>\n After you submit your offer, the seller may decide to counter it. When negotiating, it’s smart to understand what matters to the seller. Once you do, being as flexible as you can on things like moving dates or the condition of the house can make your offer more attractive.<\/p>\n Your real estate agent<\/a> is your partner in navigating these details. Trust them to lead you through negotiations and help you figure out the best plan. As an article from the National Association of Realtors <\/em>(NAR) explains<\/a>:<\/p>\n \u201cThere are many factors up for discussion in any real estate transaction\u2014from price to repairs to possession date. <\/em>A real estate professional who\u2019s representing you will look at the transaction from your perspective, helping you negotiate a purchase agreement that meets your needs <\/em><\/strong>. . .\u201d\u00a0<\/em><\/p><\/blockquote>\n In today’s competitive market, be sure to work with a local real estate agent to find you a home you love and craft a strong offer that stands out.<\/p>\n<\/div>\n1. Partner with a Real Estate Agent<\/strong><\/h4>\n
2. Understand Your Budget<\/strong><\/h4>\n
3. Make a Strong, but Fair Offer<\/strong><\/h4>\n
4. Trust Your Agent During Negotiations<\/strong><\/h4>\n
Bottom Line<\/h3>\n