{"id":1796,"date":"2021-06-21T14:50:29","date_gmt":"2021-06-21T14:50:29","guid":{"rendered":"https:\/\/phphouses.com\/blog\/?p=1796"},"modified":"2021-06-21T14:50:29","modified_gmt":"2021-06-21T14:50:29","slug":"5-things-homebuyers-need-know-making-offer","status":"publish","type":"post","link":"https:\/\/phphouses.com\/blog\/5-things-homebuyers-need-know-making-offer\/","title":{"rendered":"5 Things Homebuyers Need To Know When Making an Offer"},"content":{"rendered":"
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5 Things Homebuyers Need To Know When Making an Offer<\/p><\/div>\n

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When it comes to buying a house, you\u2019re looking for the perfect place to call home. The problem is, in today\u2019s market there just aren\u2019t that many homes available to purchase. With\u00a0inventory<\/a>\u00a0hovering near record lows and sky-high buyer\u00a0demand<\/a>, a multi-offer scenario is the new normal. Here are five things to keep in mind when you\u2019re ready to make an offer.<\/p>\n

1. Know Your Numbers<\/strong><\/h4>\n

Having a complete understanding of your budget and how much house you can\u00a0afford<\/a>\u00a0is essential. That\u2019s why you should connect with a lender to get\u00a0pre-approved<\/a>\u00a0for a loan early in the homebuying process. Taking this step shows sellers you\u2019re a serious, qualified buyer and can give you a competitive edge in a bidding war.<\/p>\n

2. Brace for a Fast Pace<\/strong><\/h4>\n

Today\u2019s market is dynamic and fast-paced. According to the\u00a0Realtors Confidence Index<\/a>\u00a0from the\u00a0National Association of Realtors\u00a0<\/em>(NAR), the average home is on the market for just\u00a017 days<\/a>\u00a0\u2013 that means from start to finish, a house for sale in today\u2019s climate is active for roughly 2.5 weeks. A skilled agent will do everything they can to help you stay on top of every possible opportunity. And, as soon as you find the right home for your needs, that agent will help you draft and submit your best offer as quickly as possible.<\/p>\n

3. Lean on a Real Estate Professional<\/strong><\/h4>\n

While homebuying may seem like a whirlwind process to you, local real estate agents do this every day, and we know what works. That expertise can be used to give you a significant leg up on your competition. An agent can help you consider what\u00a0levers<\/a>\u00a0you can pull that might be enticing to a seller, like:<\/p>\n