When to Make an Offer on a Home

Learn When to Make an Offer on Your Desired Home

Finding the house of your dreams after a long and arduous search can feel satisfying. However, exploring a home is only the first step of your journey as a homeowner. Once you’ve decided that a home is meant for you, what follows in the buying process is making an offer to help you purchase your desired property.

When you see the word “offer,” it might initially seem daunting. Of course, there are many moving parts to consider, including writing an offer that will stand out and get the seller’s attention. If you know how and when to make an offer on a home, you’ll have a huge advantage compared to many other buyers in the real estate market!

Take a look at these tips and tricks that can help you get the home that meets your needs and preferences:

• Review Listings with a Real Estate Agent: Before making an offer, looking at comparable listings in your area is a good idea. That can help you determine the tempting amount to offer to the seller. The more competitive the market, the more likely your offer should be at or above the asking price. However, working with a Real Estate Agent in Encinitas or in your city is essential in finding an appealing offer that will help you stand out. 

• Offer Cash if You Can: Sellers will prefer a cash offer above anything else! However, that is not a feasible option for every buyer. Sellers will often accept a lower cash offer over a financed one because of the ease and convenience of the process. If you can’t afford to make a cash offer, you can attempt to make a “cash offer financing,” which allows a company to pay the cash on your behalf. While this isn’t the most appealing proposal, it can still help you compete against other offers. 

• Know When to Offer: With a seller’s market in place, timing is everything. Houses are selling fast, and if you are looking at your dream home, you need to act quickly! Set up a game plan with your Realtor to get the best offer in.

• Establish the Contingencies in Your Offer: Buyers should only make an offer on a home if they have contingencies to protect them during the buying process. For example, if you set an appraisal contingency in your offer, you can walk away from a sale if the home’s value is lower than the purchase price. However, it’s important to note that making an offer with too many contingencies can detract sellers from your proposal. Ensure you contact your Realtor about contingencies in your offer and seek guidance on what clauses to include in your contract. 

With these strategies, it may be easier to find your dream house and know when to make an offer on a home.

Consult with a Realtor About Making an Offer on a Property

Making an offer on a house is straightforward when having a Realtor on your side. Contact Realtor Linda Moore today to arrange a suitable home offer that is attractive to the seller and can help you acquire the home you need! Just email or call Linda Moore to get in touch with her immediately!