Win The Bidding War With Our 5 Minute Guide To Making An Offer The Seller Wont Refuse

Dated: 12/01/2017

Views: 74

Win the Bidding War With Our 5 Minute Guide to Making an Offer the Seller Won’t Refuse

Win the Bidding War With Our 5 Minute Guide to Making an Offer the Seller Won't RefuseAsk any experienced homeowner and you’ll learn that buying in a ‘hot’ real estate market can be challenging. A high supply of buyers competing for a low stock of available homes is a combination that can lead to bidding wars, price inflation, and other headaches. The good news: with some careful preparation and the right mindset, a bidding war is one that you can win. Read on to learn how you can beat out other bidders by making an irresistible offer.

Start With Strong Representation

Answer this question honestly: are you an experienced negotiator? Unless you have made a career out of buying and selling homes, you may find that your skills are lacking. The middle of a bidding war is a poor time to have this realization, so it’s best to start the process with strong professional representation. Invest the time in securing the services of an experienced real estate agent who has a history of successful home purchases and happy clients. We can recommend an excellent resource for you.

Get Pre-Approved For Your Mortgage Financing

Now that you have a good real estate agent on your side, you’ll want to move to the next step: meeting with a mortgage lender. Your goal is to secure pre-approval for your mortgage financing, which will show the seller that you’re both prepared and serious about buying their home. Gather up recent financial information like pay stubs, tax returns, and bank statements before meeting with a mortgage professional. Being prepared will make the approval process a bit easier.

Have The Appraisal And Inspection Team Ready

Once you have found your dream home, you will need to move quickly to have it appraised and inspected. As with your other professionals, it’s best to pre-book these companies ahead of time so they’re ready to go. Ask your friends and family for referrals now so you can chat with potential appraisers and inspectors.

Be Serious About A Quick Closing Process

Finally, if it isn’t already obvious to them, make it clear to the seller that you’re interested in closing quickly. Every home seller is interested in a fast, efficient close so they can move on. Pushing the pace a bit will demonstrate that you’re not going to reverse course.

When you are ready to buy your dream home, our professional mortgage team is here to help. Contact us today.

For More Info Visit: http://www.bondstreetmortgage.com

Blog author image

Jessica Rojas

Jessica Rojas is an extremely dedicated and committed real estate agent who has been working in the Real Estate field since 1997. She became a licensed real estate agent in 2009 as a sales associate ....

Want to Advertise on this Site?

Latest Blog Posts

How Much Does Curb Appeal Increase Your Homes Value

Your home’s exterior plays an important role in grabbing buyer’s attention and, ultimately, selling your property; like the old saying goes, “you only get to make a first impression once.”

Read More

3 MustDos Before Listing Your House For Sale

Before you list your home for sale, it’s time to do a little work around the house – to prepare and make sure your home is seen in the best possible light. These “must-do” items are about

Read More

5 Questions Buyers Have During The Coronavirus Outbreak Answered

Everyone is being affected in some manner by the outbreak of Covid-19 coronavirus. During this time, buyers will have more questions than normal about the home buying process and their ability to

Read More

Go To Favorites How Buyers Sellers Can Prepare For An Early Start To The Spring Market

Is February the new April? When it comes to the real estate market, experts say yes.Regardless of whether that famous groundhog sees his shadow, a recent article on CNBC suggests spring

Read More