In today's competitive housing market, taking all the necessary measures when submitting an offer for a home you’re interested in is important. By incorporating small details and utilizing numerous tips you’ll be able to get the home you’ve always imagined. In this article, we will discuss some advice that can help make your offer much more enticing!
Offer a Good Price
When looking for homes in highly sought-after areas such as Waltham, MA, it’s important to keep your offer competitive. In recent years home prices have only continued to increase. This means that for the best possible results, most advise offering above the listing offer to gain attention from the seller. However, you should always stay within your budget and not allow yourself to spend more than you can afford.
Get Pre-Approved
A great way to let sellers know you are a serious buyer is to get pre-approved for a mortgage. If you are pre-approved then sellers know you can afford the amount you are offering. Pre-approval is also perfect because it means you now know the price range you should stick with when purchasing a home. No need to guess what you think you can buy instead you’ll have an exact amount in mind.
Reduce Your Contingencies
If you find yourself bidding on a home in a great location like Waltham, MA, with plenty of competition then reducing contingencies can be a great move to try. Contingencies add extra steps and hardships for sellers making them less appealing. Therefore, getting rid of certain contingencies you do not see as necessary can become very beneficial. The best approach to deciding which contingencies to reduce is by working with a real estate agent. A professional can find out the exact path to take in order to help close a deal.
Keep the Seller in Mind
Lastly, what's most important is to always keep in mind the seller's perspective and emotions. It's best to always be polite whenever you are negotiating an offer. If the seller needs certain accommodations, then you should try your best to help them. However, another way to help sellers is by asking for less or not asking for too many extras. You want your offer to be direct and specific so that you do not inconvenience the seller or give them the notion you are an unsure buyer.
Learn More with Hans Brings
If you’re looking for help with purchasing your first home or selling a home make sure to get in contact with Hans Brings. He is the most well-known and trustworthy realtor located in the Waltham, MA, area!