Home Buying Tips – Learn More About What Your Offer Should Be On A Home
It doesn’t matter if you’re planning on buying a home for the first time or you’ve bought more than one home in the past, the key to success with having your offer accepted is submitting the right offer to begin with.
If you’re in need of a refresher on how to submit the right offer on a home, this article will provide you with useful tips that will help you to have confidence when it does come time for you to place an offer on a home.
Tip #1 – Hire A Great Real Estate Agent
The key to success with placing submitting the right offer on a home is working with a great real estate agent.
When you start working with an agent right away, you will be able to benefit from their market knowledge and have confidence that their level of experience will enable you to submit the best offer on a property.
Tip #2 – What Are Comparable Properties Selling For?
After you start working with a great real estate agent the next key to success with submitting the right offer on a home is to find out what comparable properties are selling for nearby.
A comparable property is a home that has the same amount of bedrooms, bathrooms, square footage and amenities as the home you’re interested in submitting an offer on.
Once you find great comparable properties, you will have confidence in the fact that the offer you submit isn’t going to be too high or low.
Tip #3 – Make Sure You Watch The Real Estate Market
One year ago, you wouldn’t have been able to wait on submitting an offer on a fantastic home because there would be the chance that your dream home would already have 2 other offers (or more) on it by the time you were ready to submit an offer.
Fast forward to today and we are slowly entering a buyers-market where buyers have more options than they did in the past.
Regardless if it’s a buyers-market, or sellers-market when you read this article it’s still vital that you know the market and because you don’t want to make a poor decision based on inaccurate knowledge of the real estate market.