Ready to buy the house of your dreams?
It doesn’t matter if you have already started doing the due diligence or if you are unsure of the market. Making an offer is a pivotal point in the house buying process.
Let’s look at some things that’ll help you make a compelling offer and up your chances of getting that home your heart is set on!
Do Comprehensive Research
Nothing is more important than identifying the most vital aspects of the house, especially if you are buying the house with your partner. Do this even before you start looking for houses. In a hot market, it is a truism that you will probably not get the time needed to adequately investigate whether or not the house is near a good school district or make up your mind regarding how many bedrooms you would like to have. If you are interested in a house, sit together and jot down everything that is important to you.
Being crystal clear about your criteria is curial before stepping into the market. Keep in mind that you should also establish the factors you are willing to work around or be more flexible with. Doing so will provide you with a sense of clarity; you won’t be surprised by anything when you start making offers. And it will certainly minimize much of the stress that comes along with buying the house of your dreams.
Convince the Seller Why You Want to Buy Their House
Yes, it is absolutely vital to be personal about it. You see, selling a house can be just as stressful as buying one. And sellers would very much like to know whether or not they are giving their house to the right family.
It couldn’t hurt to write a personal letter to the sellers, explaining what their house means to you. Assure them that they are indeed passing it on in the right hands and that you will most certainly take care of it. When it comes to multiple offers, this a very good way to make yours stand out of the rest.
Look for an Experienced and Skilled Real Estate Agent
There is no question a qualified and experienced real estate agent must have a broad know-how of the housing market. And this includes the market for the types of dream houses you are looking for and what the prices are. The real estate professional representing you must be sincerely proactive.
They must understand your needs down to a personal level and must be an excellent communicator. Do not rely on the first couple of recommendations made by your friends and family. Do some vetting on your own and select one that truly reflects your perspectives.
Make Sure Your Seller Know You Can Afford the House
This is another important factor when preparing to make an offer. You have to know how much financing you can possibly get. In a fast moving market, you have to be able to convince the seller that you have the necessary financing required to make the purchase; they will not just take your word for it.
The best thing to do to save time on this is to ask your real estate agent to print an attested and verified letter of approval on part of your lender. The letter will contain information on how much financing the lender has approved.
Keep the Lender on Call
Sure, the approval letter is ample proof that you have the financing necessary to go ahead with the purchase. However, there may be a couple of sellers who would prefer hearing it from the lender.
That is why it’s vital to keep your real estate agent in the loop. Ask them to have the loan consultant talk to the seller agent, reassuring them that there will not be a financing complication.
So, there you go – these tips will help you make a compelling offer to secure your dream home. Of course, having a great real estate professional on your side is always a good idea. Go ahead and make an offer they can’t refuse and settle in in your dream home!