{"id":6758,"date":"2021-03-15T06:00:15","date_gmt":"2021-03-15T10:00:15","guid":{"rendered":"https:\/\/blog.sfloridaluxuryhomes.com\/?p=6758"},"modified":"2021-03-15T06:00:15","modified_gmt":"2021-03-15T10:00:15","slug":"how-to-make-a-winning-offer-on-a-home","status":"publish","type":"post","link":"https:\/\/blog.sfloridaluxuryhomes.com\/?p=6758","title":{"rendered":"How to Make a Winning Offer on a Home"},"content":{"rendered":"
\n

\"How<\/p>\n

Today\u2019s homebuyers<\/a> are faced with a strong sellers\u2019 market<\/a>, which means there are a lot of active buyers competing for a relatively low number of available homes. As a result, it\u2019s essential to understand how to make a confident and competitive offer on your dream home. Here are five tips for success in this critical stage of the homebuying process.<\/span><\/p>\n

1. Listen to Your Real Estate Advisor<\/strong><\/h4>\n

An article<\/a>\u00a0from\u00a0Freddie Mac<\/em>\u00a0gives direction on making an offer on a home. From the start, it emphasizes how trusted professionals can help you stay focused on the most important things, especially at times when this process can get emotional for buyers:<\/p>\n

\n

\u201cRemember to let\u00a0your homebuying team\u00a0guide you on your journey, not your emotions. Their support and expertise will keep you from compromising on your must-haves and future financial stability.\u201d<\/em><\/p>\n<\/blockquote>\n

A real estate professional should be the expert guide you lean on for advice<\/a> when you\u2019re ready to make an offer.<\/p>\n

2. Understand Your Finances<\/strong><\/h4>\n

Having a complete understanding of your budget and how much house you can afford<\/a> is essential. The best way to know this is to get pre-approved for a loan early in the homebuying process. Only 44% of today\u2019s prospective homebuyers are planning to apply for pre-approval, so be sure to take this step so you stand out from the crowd. Doing so make it clear to sellers you\u2019re a serious and qualified buyer, and it can give you a competitive edge in a bidding war.<\/p>\n

3. Be Prepared to Move Quickly<\/strong><\/h4>\n

According to the latest Realtors Confidence Index<\/em><\/a> from the National Association of Realtors<\/em> (NAR), the average property sold today receives 3.7 offers and is on the market for just 21 days. These are both results of today\u2019s competitive market, showing how important it is to stay agile and alert in your search. As soon as you find the right home for your needs, be prepared to submit an offer as quickly as possible.<\/p>\n

4. Make a Fair Offer<\/strong><\/h4>\n

It\u2019s only natural to want the best deal you can get on a home. However, Freddie Mac<\/em> also warns that submitting an offer that\u2019s too low can lead sellers to doubt how serious you are as a buyer. Don\u2019t make an offer that will be tossed out as soon as it\u2019s received. The expertise your agent brings to this part of the process will help you stay competitive:<\/p>\n

\n

\u201cYour agent will work with you to make an informed offer based on the market value of the home, the condition of the home and recent home sale prices in the area.\u201d<\/em><\/p>\n<\/blockquote>\n

5. Stay Flexible in Negotiations<\/strong><\/h4>\n

After submitting an offer, the seller may accept it, reject it, or counter it with their own changes. In a competitive market, it\u2019s important to stay nimble throughout the negotiation process. You can strengthen your position with an offer that includes flexible move-in dates, a higher price, or minimal contingencies (conditions you set that the seller must meet for the purchase to be finalized). Freddie Mac <\/em>explains that there are, however, certain contingencies you don\u2019t want to forego:<\/p>\n

\n

\u201cResist the temptation to waive the inspection contingency<\/em><\/strong>, especially in a hot market or if the home is being sold \u2018as-is\u2019, which means the seller won\u2019t pay for repairs. Without an inspection contingency, you could be stuck with a contract on a house you can\u2019t afford to fix.\u201d<\/em><\/p>\n<\/blockquote>\n

Bottom Line<\/strong><\/h3>\n

Today\u2019s competitive market makes it more important than ever to make a strong offer on a home. Let\u2019s connect to make sure you rise to the top along the way.<\/p>\n

Content previously posted on Keeping Current Matters<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

\n\"HowToday\u2019s homebuyers are faced with a strong sellers\u2019 market, which means there are a lot of active buyers competing for a relatively low number of available homes. As a result, it\u2019s essential to understand how to make a confident and competitive offer on your dream home. Here are five tips for success in this critical [\u2026]<\/div>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"bgseo_title":"","bgseo_description":"","bgseo_robots_index":"","bgseo_robots_follow":"","footnotes":""},"categories":[3,88,84,89],"tags":[],"class_list":["post-6758","post","type-post","status-publish","format-standard","hentry","category-blog","category-first-time-home-buyers","category-for-buyers","category-move-up-buyers"],"_links":{"self":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts\/6758","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6758"}],"version-history":[{"count":0,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=\/wp\/v2\/posts\/6758\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.sfloridaluxuryhomes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}