You may have found your Waltham dream home, but sometimes you have to be prepared to fight for it! Bidding wars used to be a lot more common than they are now but there is still a possibility you have some competition. A Waltham Real Estate agent is key when it comes to trying to make sure your offer is the most appealing one. Here are 6 tips to increase your chances of securing your dream home in a bidding war!
1. If You Can Afford It, Pay Cash
Paying in cash can be extremely helpful if you are in a bidding war, claims a Waltham Realtor. When buyers pay cash, sellers don’t have to worry about the buyer potentially not receiving the financing they need to buy the house. Although this option is not always manageable if you can do it you should!
2. If You Need Financing, Get Preapproved
Do your research to choose the best lender with competitive rates and ask to be preapproved for the loan. You’ll most likely need to provide documentation that can prove you have the right amount of income, credit, and assets. A Waltham Real Estate agent can help you gather these documents and present them to the bank or mortgage company.
3. Choose the Right Real Estate Agent
Choosing the right real estate agent to assist you is very important in the bidding war process. Having a Waltham Realtor help you get all your documents in order and give you the best advice on how to proceed through each step is crucial. Waltham Real Estate agents also have important connections that can very much assist you in the process.
4. Make A Meaningful Connection with the Seller
When touring homes it is recommended by a Waltham Realtor to be careful when giving feedback about the home. If the home does end up in a bidding war, sellers are less likely to choose the people who expressed multiple faults about the home. Sellers usually want to make sure the home goes to people who will value the home as highly as they did. So, it is important for the sellers to see the buyers in a positive light.
5. Be Flexible
Find out what will make the sellers’ lives easier so that they are more likely to choose you. There is a chance they want to stay in the house a little longer while they search for their new home or they may want to move out as quickly as possible. It may be in your best interest to adjust the closing date to what the seller wants so they will choose your offer over others.
Contact a Waltham Realtor
Waltham Realtors have many years of experience with bidding wars, so they should be your number one choice to assist. Waltham Real Estate Agents will help you write up a winning offer that would be hard for the sellers to turn down. Contact Hans Brings today if you’re looking for a reliable Waltham Realtor to support and help you throughout your home buying process.