How to Make a Home Offer That Sellers Can’t Refuse
Buying a new home is an exciting as well as expensive investment. You want to make sure that you get the best deal possible on a home. Often, negotiating is the best way to arrange a deal or lower the overall asking price. Here are some tips to help you understand how to make a home offer that seller won’t be able to refuse.
Work with an experienced real estate agent. You should feel confident in your agent’s skill and history dealing with buying and selling situations. This realtor will be your expert negotiator and they will know how to best navigate a deal with the seller. When you don’t use an agent, you are going into a situation without all the facts, since much of the negotiation process requires skill, delicacy, and finesse. Plus, when you buy through a realtor, you don’t pay them a dime. They will get paid from closing costs when you make the deal work, so they always have your best interest in mind.
Get pre-approved for a loan before making any offer on a home. This will give you a lot of power to negotiate, almost as if you were buying with cash. This is not like pre-qualifying for a loan; this is actually going through the entire process and being a approved. This will give you an edge and help to give the seller security by showing the seller that you are a serious buyer who is reliable and able to purchase the home. When you are pre-approved, all parties know that the deal will not fall through at the last minute, and the seller will be happy to know that they can often get their money much faster!
You can do some sleuthing on your own, or your agent needs to assess why the seller is moving. Finding out about a seller’s motives can help you to determine how willing they will be to negotiate a deal or lower their price. If the seller has just come into new money and wants to buy a new house, they may not be in a huge rush because they are financially secure. Therefore, they will likely not be receptive to negotiating or lowering their asking price since hey have to need or motivation to do so. However, other homeowners may need to move and fast! Some may be having children and need more space before a baby arrives. Others may no longer be able to afford their home due to a pay cut or being laid off at work. Others may have already put an offer on another home and need to get out as soon as possible so that they will not be carrying two mortgages at once. Knowing this information will give you an edge and will ensure that you know whether negotiating is appropriate.
All of these tips will put you in a position of power and control as a buyer. Working with an experienced, expert realtor from a company such as Breckenridge real estate group, will help to ensure the buying process runs smoothly so that you can get the most bang for your buck. While you may not be able to negotiate with all sellers, you will have the tools and connections to help you navigate the market and find homeowners who is motivated to sell and work with you to make it happen quickly and efficiently