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With property inventory diminishing daily and multiple offers being
very common, it is important that your offer to buy has the best chance
of being accepted. You will strengthen your chance of having your offer
accepted by considering the following:
The Home Buying Process Presentation
Loan application requirements
Get your loan amount pre-approved:
Generally, a lender can pre-approve you in a matter of hours and help you
identify the price range for which you qualify and fit your lifestyle.
Submit a strong and competitive offer:
Remember, property inventory is low but the number of sellers is high. This
means that there may be multiple offers on the same property. Therefore, you
should submit your offer as if there will be multiple offers. This is not the
time to find deals if you need to obtain property.
Provide a substantial earnest money deposit:
Acceptance of an offer is sometimes determined by the amount of the deposit and
your sincerity to purchase the property. A larger amount may signify a stronger
commitment on your part to the seller.
Minimize or eliminate contingencies:
Sellers generally do not want to bet the sale of thir property to contingencies.
The fewer contingencies, the stronger the offer.
Provide a buyer profile:
Consider constructing a one page synposis of your general financial strength
such as your stability, time on the job, flexibility, and reason for
purchasing seller's property, etc.
Be prepared to preview a new property quickly:
Property sometimes sell in hours. Be prepared to make decisions
quickly and be accessible to change the terms instantly.
Instant communication access:
Let us maintain instant access to each other via office phone,
voice mail, fax, pager or cellular phone.
Always take advantage of an inspection:
A property inspection both helps you understand the condition of
the property and fixtures as well as help you to prepare for
future repair and replacement of the property.
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