Tips for Making an Offer on a House

Buying a home is one of the biggest financial decisions of someone’s life, and making the right offer could make or break the deal. This article will cover tips for making an offer on a house that will help you land your dream home.

Work with A Realtor

A realtor will help you find the perfect property and help you make a winning offer. A good real estate agent understands their local market inside and out and can offer invaluable insights during the negotiation process.

Get Pre-Approved

One of the most important steps to take before putting an offer on a home is getting pre-approved for a mortgage. This will show the buyer that you’re serious about purchasing the property and have the funding to do so.

Do Your Research

After you’ve found your perfect home and are ready to put in an offer, ask your real estate agent to run a competitive market analysis. This will reveal information about comparable homes in the area, such as how much they’ve sold for and how long they sat on the market.

Pick the Right Price

When making an offer on the house, what is fair price-wise will depend on the research you and your agent have done, as well as what you can afford.

Money Talk

Offers typically include an earnest money deposit, which shows the seller that you’re eager to buy the home. Making a sizable deposit (e.g., 3% instead of 1%) will make the seller feel like you are committed and serious about the purchase.