Presenting an Offer in Today’s Market!
Presenting an offer in today's real estate market isn't easy. You’ve been searching for the perfect home and you’ve finally found it!
The price is right, the market is competitive and you want to make sure that you make a great offer. In doing so, you can guarantee moving into your dream home.
Below are 4 steps provided by Freddie Mac to help homebuyers presenting an offer obtain their dream home:
1. Determine Your Price
You’ve found the perfect home and you’re ready to buy. Now what? I will be by your side and help you determine an offer price that is fair.
If I represented you in the purchase of your home, I'd provide comparable homes which recently sold in the neighborhood. I will help you to determine the offer price.
Getting a pre approved mortgage will show home sellers that you are serious about buying their home. A pre approved mortgage will allow you to make an offer with confidence because you've been approved in the offer amount.
2. Submit a Home Offer
Once you’ve determined your price, I will draw up an offer or purchase agreement and submit to the seller’s real estate agent. This offer will include the purchase price and terms and conditions of the purchase.
3. Negotiate the Offer
Oftentimes, the seller will counter the offer by asking for a higher purchase price or an adjustment to the closing date. In these cases, the seller’s agent will submit a counteroffer to me, detailing their desired changes. You can either accept the offer or decide if you want to counter.
Each time changes are made through a counteroffer, you or the seller have the option to accept, reject or counter it again. The contract is considered final when both parties sign the written offer.”
If your offer is approved, Freddie Mac urges you to “always get an independent home inspection, so you know the true condition of the home.” If the inspector uncovers undisclosed problems or issues, you can discuss any repairs that may need to be made with the seller or even cancel the contract altogether.
4. Act Fast
The inventory of homes listed for sale has remained well below the 6-month supply that is needed for a ‘normal’ market.
Buyer demand has continued to outpace the supply of homes for sale.
This has caused homebuyers to compete with each other for their dream homes.
As soon as you decide that you want to buy the home, you should contact me ASAP so I present it as quickly as possible.
I'm an expert who's on your side and can ensure that presenting an offer goes smoothly when buying your home. Let’s talk about how we can make your dreams of homeownership a reality!
Contact me to strategize about ways to make your offer stand out in this competitive market. I am active in the neighborhoods you are considering and will be instrumental in presenting an offer.