Leave a Message

Thank you for your message. We will be in touch with you shortly.

4 Tips for Making Your Best Offer on a Home

March 9, 2023

Real Estate Tips

4 Tips for Making Your Best Offer on a Home

Are you planning to buy a home this spring? Though things are more balanced than they were at the height of the pandemic, it’s still a sellers’ market. So, when you find the home you want to buy, remember these four tips to make your best offer.

1.Lean on a Real Estate Professional

Rely on an agent who can support your goals. As Bankrate notes:

“. . . select the best real estate agent for your needs. They will be a critical part of your home buying process.”

Agents are local market experts. They know what’s worked for other buyers in your area and what sellers may be looking for in an offer. It may seem simple, but catering to what a seller needs can help your offer stand out.

2.Know Your Budget

Understanding your budget is especially important right now. As Sandy Higgins, Senior Wealth Advisor at Capstone Financial Advisorsputs it:

“Understand your current budget … what are your expenses, how’s your spending, would you need to make changes?”

The best way to understand your numbers is to work with a lender so you can get pre-approved for a loan. It helps you be more financially confident, and it shows sellers you’re serious. That can give you a competitive edge.

3.Think Through Everything Before Making an Offer

Today’s market isn’t moving at the record pace it did during the pandemic. That means you may have a bit more time to think before you need to make an offer. According to Danielle Hale, Chief Economist at realtor.com:

“In general, you likely have more time to make an offer, although that’s certainly not a guarantee. If you’re on the fence about a home or its asking price doesn’t quite fit your budget, you might want to keep an eye on it, and if it doesn’t sell right away, you may have some room to negotiate with the seller.”

While it’s still important to stay on top of the market and be prepared to move quickly, there can be more flexibility today. Lean on the advice of your agent as you explore the options in your market.

4. Work with Your Advisor To Negotiate

During the pandemic, some buyers skipped home inspections or didn’t ask for concessions from the seller in order to submit the winning bid on a home. Fortunately, today’s market is different, and you may have more negotiating power than before. When putting together an offer, your trusted real estate advisor will help you think through what levers to pull.

Bottom Line

When you buy a home this spring, let’s connect so you have the guidance to make your best offer.

 

(2023, March 9). 4 Tips for Making Your Best Offer on a Home. Keeping Current Matters. https://www.mykcm.com/2023/03/09/4-tips-for-making-your-best-offer-on-a-home/?utm_medium=email&_hsmi=249487837&_hsenc=p2ANqtz-9JJ42c9dKBlamZkmYdmRlI3XbTXYF11-r0i4SyapOLbJ2LLLs48Ysh0uFlPJ3tKqIpZdxpDBMyxQy9gmu806Wva9CmZw&utm_content=249487837&utm_source=hs_email

Buyer

Why Buying a Home Early in 2025 Could Help You Avoid Rising Interest Rates

Thao Dang Pham  |  January 13, 2025

Why Buying a Home Early in 2025 Could Help You Avoid Rising Interest Rates

Seller

Owning Green-Certified Properties: The Key to Attracting Modern Buyers

Brian Ng  |  January 10, 2025

Owning Green-Certified Properties: The Key to Attracting Modern Buyers

Buyer

Energy-Efficient Properties and Eco-Friendly Homes: The Future of Real Estate

Thao Dang Pham  |  January 9, 2025

Energy-Efficient Properties and Eco-Friendly Homes: The Future of Real Estate

Real Estate Investing

Capitalizing on Historically Low Commercial Vacancy Rates: A Real Estate Investor’s Guide

Brian Ng  |  January 8, 2025

Capitalizing on Historically Low Commercial Vacancy Rates: A Real Estate Investor’s Guide

Real Estate Investing

The Ultimate Guide to Investing in Properties with Both Residential and Retail Use

Brian Ng  |  January 7, 2025

The Ultimate Guide to Investing in Properties with Both Residential and Retail Use

Real Estate Investing

The Future of Mixed-Use Developments: Trends Shaping Tomorrow’s Urban Spaces

Thao Dang Pham  |  January 6, 2025

The Future of Mixed-Use Developments: Trends Shaping Tomorrow’s Urban Spaces
FOLLOW US ON INSTAGRAM