{"id":2376,"date":"2022-01-26T13:12:33","date_gmt":"2022-01-26T13:12:33","guid":{"rendered":"https:\/\/phphouses.com\/blog\/?p=2376"},"modified":"2022-01-26T13:12:33","modified_gmt":"2022-01-26T13:12:33","slug":"tips-making-best-offer-home","status":"publish","type":"post","link":"https:\/\/phphouses.com\/blog\/tips-making-best-offer-home\/","title":{"rendered":"5 Tips for Making Your Best Offer on a Home"},"content":{"rendered":"
\"\"

5 Tips for Making Your Best Offer on a Home<\/p><\/div>\n

As a buyer in a sellers\u2019 market<\/a>, sometimes it can feel like you\u2019re stuck between a rock and a hard place. When you\u2019re ready to make an offer on a home, remember these five easy tips to help you rise above the competition.<\/p>\n

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

Knowing your budget and what you can afford is critical to your success as a homebuyer. The best way to understand your numbers is to work with a lender so you can get\u00a0pre-approved<\/a>\u00a0for a loan. As\u00a0Freddie Mac<\/em><\/a> puts it:<\/p>\n

\u201cThis pre-approval allows you to look for a home with\u00a0greater confidence and demonstrates to the seller that you are a serious buyer.\u201d<\/em><\/p><\/blockquote>\n

Showing sellers you\u2019re serious can give you a competitive edge, and it helps you act quickly when you\u2019ve found your perfect home.<\/p>\n

2. Be Ready To Move Fast<\/strong><\/h4>\n

Homes are selling quickly in today\u2019s competitive housing market. According to the Existing Home Sales Report<\/a> <\/em>from the\u00a0National Association of Realtors<\/em>\u00a0(NAR):<\/p>\n

\u201cEighty-three percent of homes sold in November 2021 were on the market for less than a month.\u201d<\/em><\/p><\/blockquote>\n

When houses are selling this fast, staying on top of the market and moving quickly are key. Your agent can help you put together and submit your best offer as soon as you find the home you want to buy.<\/p>\n

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

No matter what the housing market looks like, rely on a trusted real estate advisor. As\u00a0Freddie Mac<\/em>\u00a0also notes:<\/p>\n

\u201cThe success of your homebuying journey largely depends on the company you keep. . . .\u00a0Be sure to select experienced, trusted professionals who will help you make informed decisions and avoid any pitfalls.\u201d<\/em><\/p><\/blockquote>\n

Agents are experts in the local real estate market. They have insight into what\u2019s worked for other buyers in your area and what sellers may be looking for in an offer. It may seem simple, but catering to what a seller needs can help your offer stand out.<\/p>\n

4. Make a Strong, but Fair Offer<\/strong><\/h4>\n

According to\u00a0the latest\u00a0Realtors Confidence Index<\/a> <\/em>from NAR, 40% of offers today are above the list price. In such a competitive market, emotions and prices can run high. Having an agent to help you submit a strong, yet fair offer is critical in these situations. Your agent can help you understand the market value of the home and recent sales trends in the area.<\/p>\n

5. Be a Flexible Negotiator<\/strong><\/h4>\n

When putting together an offer, your trusted\u00a0real estate advisor\u00a0will help you consider which levers you can pull, including contract contingencies (conditions you set that the seller must meet for the purchase to be finalized). Of course, there are certain contingencies you don\u2019t want to give up. Freddie Mac<\/em>\u00a0explains:<\/p>\n

\u201cResist the temptation to waive the inspection contingency,\u00a0especially in a hot market or if the home is being sold \u2018as-is\u2019, which means the seller won\u2019t pay for repairs. Without an inspection contingency, you could be stuck with a contract on a house you can\u2019t afford to fix.\u201d<\/em><\/p><\/blockquote>\n

Bottom Line<\/strong><\/h3>\n

Today\u2019s competitive landscape makes it more important than ever to make a strong offer on a home. Let\u2019s connect to make sure you rise to the top along the way.<\/p>\n

Contact us:<\/strong>
\nPHP Houses
\n142 W Lakeview Ave
\nUnit 1030
\nLake Mary, FL 32746
\nPh:\u00a0(407) 519-0719<\/span>
\nFax:\u00a0(407) 205-1951<\/span>
\nemail:\u00a0info@phphouses.com<\/p>\n

Let\u2019s Connect:<\/strong>
\nFacebook<\/a>
\nLinkedin<\/a>
\nTwitter<\/a>
\nInstagram<\/a><\/p>\n

The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. The author does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. The author will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.<\/em><\/h5>\n","protected":false},"excerpt":{"rendered":"

When you\u2019re ready to make an offer on a home, remember these five easy tips to help you rise above the competition. Finish Reading 5 Tips for Making Your Best Offer on a Home<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[36],"tags":[38,411,334,10,18,16,27,91,86,52,25,9,49,42,23,40,280,403,396,63,20,12,48,47,19,6,17,332],"_links":{"self":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/2376"}],"collection":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/comments?post=2376"}],"version-history":[{"count":1,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/2376\/revisions"}],"predecessor-version":[{"id":2378,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/2376\/revisions\/2378"}],"wp:attachment":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/media?parent=2376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/categories?post=2376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/tags?post=2376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}