Increase your chances of getting your dream house instead of losing it to another buyer, with these easy steps. Even in a buyer’s market homes that stand out from the competition and great deals generate lots of interest and sell quickly, especially when home inventory is low.
- Get prequalified for a mortgage. A pre-approval letter from your lender is required in order to submit your offer to the Seller.
- Stay in close touch with your Realtor to find out first about new listings that come on the market. And be ready to go see a house as soon as it goes on the market.
- Scout out new listings yourself. Look at Internet sites, newspaper ads, and drive by the neighborhood frequently. Maybe you’ll see a brand-new “for sale” sign before anyone else.
- Be ready to make a decision. Spend lots of time in advance deciding what items on your wish list are negotiable so you won’t be unsure when you have the chance to make an offer.
- Make your offer competitive. You may not want to start out offering the absolute highest price you can afford, but don’t try to go too low to get a deal. Remember that price is not the only part of the transaction that you will be negotiating. Terms such as closing date and repairs are also points of negotiation.
- Keep contingencies to a minimum. Restrictions such as needing to sell your home before you move or wanting to delay the closing until a certain date can make your offer unappealing.
- Don’t get caught in a buying frenzy. Be clear about the goals that put you in the market to begin with because at some point the purchase may not be in your best interest. Working with your Realtor, determine what you believe to be a fair price and be guided by that information.
Skylar Williams said:
Thank you for your tip to get prequalified for a mortgage. My brother is planning on moving and he needs help finding a home for sale. I’ll pass this tip onto my brother so he can be prepared when he finds a place to put an offer down on.
Tirzah Campbell said:
You are most welcome! We are so glad that these tips are helpful! Thanks for passing it alot 🙂 If you are your brother have more questions or need help when you are ready to buy or sell please let us know. We would love to help you!
Ellie Davis said:
I liked that you mentioned you need to have a pre-approval letter from a mortgage lender in order to submit an offer to the seller. My brother is thinking about buying his first house, and we are looking for advice. I will let him know about the benefits of having a mortgage pre-approval loan ready to submit his offer.
rachel frampton said:
I’ve been planning to purchase a home located in the Howell area. Before I make any attempts of purchasing, I’ll make sure to get pre-qualified for a mortgage. maybe, looking for a real estate company will be much easier since they’ll be providing different varieties of home. that I can choose from.
Tirzah Campbell said:
If you need any help with finding the right home in the Howell area let us know. You can create a login and signup to receive specific searches for your what you are looking for in a home. We would love to help you!