1. Be an Pre-Approved Buyer: A pre-approved buyer always has the advantage in an offer situation. Becoming pre-approved is very easy. Simply complete your lender’s loan application with a credit check prior to beginning your home search process. Pre-approval means that you have actually been conditionally approved for the purchase by a lender, provides a clear edge in home purchase negotiating.
2. Beat The Competition to The Best New Listings: The search process can be both fun and trying. You will notice that some homes sell quickly and others languish on the market for longer periods of time. The best homes at the best prices sell quickly. Keeping on top the inventory is essential. So connect with a professional Real Estate agent who knows the market and keeps you completely updated.
3. Do The Research: Make yourself a “home value expert.” Investigate the areas and price ranges for the kind of home you are seeking to learn the selling price ranges for the homes you like and the length of their market time. Your agent should be a great asset here.
4. Prove That You Are a Serious Buyer: The best way to accomplish this is with a reasonable price that is easily supported by recent similar sales, the most favorable terms you can accept and strong earnest money. If you can initially put 5% or more down, that will likely help to really get the seller’s attention.
5. Don’t Go Crazy: Even in a hot market, be cool and calculated with your decisions. A knowledgeable agent can really be an invaluable asset providing information and insights that can make the process easier. Your home purchase may be your single largest investment. So, it is important to make sure that you get the best deal possible. Overpaying now will make it harder to get your value back when you sell.
6. Keep Your Offer Simple and Clean: Make sure that your contract to purchase is simple, clean and not bogged down with out-of-the-ordinary contingencies. The cleaner your offer, the more interested the seller will likely become. This may help you purchase the property at the best price.
7. Don’t Wing It Alone: What you need most in today’s complex marketplace is an experienced and professional real estate agent who represents your interests only. No matter how heated the competition or the negotiations, a professional agent will represent your best interests. Your agent’s keen market knowledge and advice can help keep you from paying too much and also help you maximize your investment.
If you are looking for an agent to represent you and your best interests, you have only to contact us today and find out how we can help you find the most house for the best price.