Buying a Home - Magazine - Page 20
5 Tips for Making an Offer
Even though the number of homes for sale is rising, it’s still lower than historic
norms. With this combination of low supply and high buyer demand, a
multi-offer scenario is the new normal. If you’re buying a home, you’ll want to
do what you can to stand out from the competition. Here are five things to keep
in mind when you’re ready to make an offer.
1. Know Your Numbers
2. Brace for a Fast Pace
A complete understanding of your budget
and how much home you can afford is
essential. That’s why you should connect
with a lender to get pre-approved for a loan
early in the homebuying process.
According to the Realtors Confidence
Index from the National Association of
Realtors (NAR), the average home is on the
market for just 17 days – that means from
start to finish, a house for sale in today’s
climate is only active for about 2.5 weeks.
Taking this step shows sellers you’re a
serious, qualified buyer and can give you a
competitive edge in a bidding war.
A skilled agent will do everything they can to
help you stay on top of all possible
opportunities. As soon as you find the right
home for your needs, a real estate
professional will help you draft and submit
your best offer as quickly as possible.
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