If you are considering purchasing a home in the near future, it's important to be aware that the current market is still highly competitive due to the limited but growing number of homes for sale. As we are in the peak homebuying season, competition in the affortble home market segment is still very tricky to navigate.
Keep these four tips in mind to ensure you make a strong offer:
1. Collaborate with a Realtor
Work with a realtor who can assist you in achieving your objectives. According to PODS,
"having a professional by your side provides a significant advantage when determining the appropriate offer for a house."
Realtors possess valuable knowledge of the local market, including successful strategies used by other buyers in your area and what sellers are seeking. This insight can be crucial when deciding on an offer.
2. Know Your Financial Limits
Understanding your budget is crucial. To gain a clear understanding of your financial capabilities, it is imperative to get a pre-approval for a home loan from a mortgage broker. This not only boosts your financial confidence but also demonstrates to sellers that you are a serious buyer, giving you the competitive edge, as noted by Investopedia.
3. Present a Strong, Yet Fair Offer
While it's natural to seek the best deal possible, submitting an excessively low offer carries risks. Making an offer significantly below the listing price may lead to it being rejected by sellers, as explained by Realtor.com. Your agent's expertise will be invaluable in finding a balance that is fair to both parties.
4. Trust Your Agent in Negotiations
During negotiations, it's wise to understand the seller's priorities. Being flexible on aspects like moving dates or property conditions can enhance the attractiveness of your offer. I can help guide you through negotiations and help you devise a winning strategy, as highlighted by the National Association of Realtors (NAR).
Conclusion
In today's competitive market, let's collaborate to discover your dream home and craft a compelling offer that sets you apart.
Today's Total Active Homes For Sale
In Escambia and Santa Rosa County
3185
Above $600,000
577 ^
Between $500,000 - $600,000
183
Between $400,000 - $500,000
381
Between $300,000 - $400,000
907
Between $200,000 - $300,000
857 ^
Between $100,000 - $200,000
289 ^
Under $100,000
35
RED is UP Black Remained the Same Green is DOWN
Current Mortgage Rate
30 YR Fixed 6.11% 15 YR Fixed 5.62%
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This article provides information and opinions but is not meant as investment advice. Skip Geiser LLC does not assure the accuracy or completeness of the information or opinions presented here. It is important to conduct your own research, due diligence, and seek professional advice before making any investment decisions. Skip Geiser LLC is not responsible for any loss or damage resulting from relying on the information or opinions in this article.
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