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Freddie Mac covered 鈥? Tips for Making an Offer鈥?in their Executive Perspective. Here are the 4 tips they covered along with some additional information for your consideration:

1. Understand How Much You Can Afford
鈥淲hile it鈥檚 not nearly as fun as house hunting Women's Baker Mayfield Jersey , fully understanding your finances is critical in making an offer.鈥?p>

This 鈥榯ip鈥?or 鈥榮tep鈥?should really take place before you start your home search process.


Getting pre-approved is one of many steps that will show home sellers that you are serious about buying, and will allow you to make your offer with the confidence of knowing that you have already been approved for a mortgage for that amount. You will also need to know if you are prepared to make any repairs that may need to be made to the house (ex: new roof, new furnace).


2. Act Fast
鈥淓ven though there are fewer investors Women's Jarvis Landry Jersey , the inventory of homes for sale is also low and competition for housing continues to heat up in many parts of the country.鈥?


The inventory of homes listed for sale has remained well below the 6-month supply that is needed for a 鈥榥ormal鈥?market. Buyer demand has continued to outpace the supply of homes for sale, causing buyers to compete with each other for their dream homes.


Make sure that as soon as you decide that you want to make an offer, you work with your agent to present it as soon as possible.


3. Make a Solid Offer
Freddie Mac offers this advice to help make your offer the strongest it can be:


鈥淵our strongest offer will be comparable with other sales and listings in the neighborhood. A licensed real estate agent active in the neighborhoods you are considering will be instrumental in helping you put in a solid offer based on their experience and other key considerations such as recent sales of similar homes Women's Odell Beckham Jr Jersey , the condition of the house and what you can afford.鈥?p>

Talk with your agent to find out if there are any ways that you can make your offer stand out in this competitive market!


4. Be Prepared to Negotiate
鈥淚t鈥檚 likely that you鈥檒l get at least one counteroffer from the sellers so be prepared. The two things most likely to be negotiated are the selling price and closing date. Given that, you鈥檒l be glad you did your homework first to understand how much you can afford.


Your agent will also be key in the negotiation process, giving you guidance on the counteroffer and making sure that the agreed-to contract terms are met.鈥?p>

If your offer is approved Women's Jim Brown Jersey , Freddie Mac urges you to 鈥渁lways get an independent home inspection, so you know the true condition of the home.鈥?If the inspector uncovers undisclosed problems or issues, you can discuss any repairs that may need to be made with the seller Women's Bernie Kosar Jersey , or cancel the contract.


Bottom Line
Whether buying your first home or your fifth, having a local real estate professional who is an expert in their market on your side is your best bet to make sure the process goes smoothly. Let鈥檚 talk about how we can make your dreams of homeownership a reality!

More About the Author

We encourage you to experience the unparalleled value of working with Vantage Realty Pros by simply reaching out to us with your real estate dreams in mind. We are here to serve you, in any way we can. Our mission is to continually elevate our client鈥檚 real estate experiences through selfless guidance and undeniable expertise. So Austin Seibert Jersey , whether you鈥檙e a first-time home-buyer, a seller, or even a home renovator Sheldrick Redwine Jersey , Vantage Realty Pros will help you navigate the process to get the positive outcome you e after. We absolutely love what we do and look forward to having the opportunity to meet with you to discuss your real estate needs. For More Info : Visit Here : Total Views: 119Word Count: 512See All articles From A
Posted On : Feb-25-2010 | seen (1009) times | Article Word Count : 822 |

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