How to make a strong offer when buying a home
1.Follow the advice from your Realtor®
They are experts in your market area and know exactly how to help you make the strongest offer possible. They will help you decide on what offer to make and how to become creative to give you an edge in this highly competitive seller’s market.
2. Get preapproved first
Not only is this imperative because by getting preapproved you will know exactly how much house you can buy but it also is a great idea because it gives you a slight advantage by letting sellers know you are ready and serious about buying a home.
3. Act quickly
When you find the right home be prepared to move quickly. Chances are if you like the house then someone else likes it too. In addition, the average home is receiving multiple offers and goes under contract in just days. So, ponder about it if you want to but just don’t take too long.
4. Offer list price
This is a seller’s market and homes are selling at almost a 100% list to sale ratio. Meaning, that sellers are getting their list price or more on just about every single home on the market. Therefore, don’t send an offer that will be rejected out as soon as it’s received. This is where your agent will give you advice on how to make a competitive and fair offer to better your chances of getting an accepted offer.
5. Try to make an offer without contingencies
This might be a little tricky if you have to sell your current home to purchase a new one. Or, if you live out of state and would like to make an offer on a home without seeing the property. Contingencies are not absolute make or breaks but they will typically hinder an offer. Especially, when there are several other offers on the table. Just something to consider.
Gregory Rutledge- REALTOR®
Century 21 Platinum Properties
Christian Black Team
1051 Hwy 76. Clarksville, TN 37043
C: 352.233.8419 O: 931.771.9072
*Each Century 21 office is independently owned & operated