If you’re in the market to buy a home, one of your worst fears may be that of getting into a bidding war. What if you knew it was possible to actually score a home without spending a penny more than your budget? Below, you’ll find some tips that you should heed before you even put an offer in on a home.
Know Your Budget
The first step is to know your budget. If you can spend a bit more than the asking price on a home in a seller’s market, you may want to do just that. Buying a home is an emotional roller coaster and it’s easy to get sucked in. You need to think of all things practical before you even put a number on paper for an offer on a home. Work with your lender so that you know what you can spend. You can even consult your lender before you put an offer in if you know the circumstances of the home that you’re working with. The earlier you submit your offer the better.
Make The Offer Personal
An offer should have some personality and drive attached to it. First, your agent needs to speak with the listing agent. It’s surprising just how many offers are placed where the agents never even speak. As a bonus, you can write a letter to the seller. Let them know how much you love the property, the neighborhood, or their wonderful herb garden that you plan on maintaining. Add some personal flair to your offer to give yourself a leg up as a buyer.
Try To Close Sooner
There’s nothing more attractive to a motivated seller than a shorter time frame for closing. If the seller knows that you can close a deal in a shorter period of time, you may be able to win the deal with your sweet incentive. You can close on a deal faster by doing the inspection quickly. If you’re pre-approved for a mortgage that also helps speed the process along. You could even go a step further and get a conditional approval from the lender.
Give The Sellers What They Want
If the sellers happen to need more time in their home, give them space (unless of course you’re in a hurry to move.) By cooperating with the sellers and not being a high maintenance buyer you can certainly give yourself an advantage in the home buying process. If you really want to impress a seller, submit an “as is” offer. A seller won’t turn down something that’s easier for them.
About the Author
Robin Anderson Real Estate
“My Passion is people and relationships and I promise to provide my clients with exceptional service tailored to their individual needs.” -Robin Anderson
Georgia native, Robin Anderson brings her passion for people and her love of homes to work for her clients. She and her husband, Andy, have been married for over 30 years and have two adult children, Ellen and Drew. They currently live in Fulton County, but Robin has lived and invested in properties throughout metro Atlanta as well as helped clients buy and sell. She has been integral to many real estate endeavors including designing and building several custom homes, remodeling homes, subdividing land, managing rental properties, and buying and selling properties. She spent her first 3 years in real estate working with a new home builder, and she has spent the last 6 years working with buyers and sellers in her own community. Robin is highly motivated but sensitive to the fact that buying and selling homes can be an emotional experience, so she makes it a priority to keep clients closely informed throughout the process and strives to produce quick results. She appreciates the opportunity to help her clients navigate the real estate process, and she aspires to deliver quality customer service that is both informative and positive. She is driven to provide outstanding service for her clients and she is focused on building successful and lasting relationships with her clients. This personalized service earns her enthusiastic referrals from clients she is pleased to call friends.Edit
