Special offer

Go Big or no Home

By
Managing Real Estate Broker with Keller Williams Realty

Think back to your very first job, you know the one that paid for your first car, bought that atari system your folks wouldn't buy, or paid for that horrid get up you wore to prom.  Chances are that job was in the retail sector and served the public.  Doesn't matter if you were manning a drive thru, selling clothing, or changing oil at the local quick lube.  Customers always run in packs! 

Remember you could sit in peace and quiet for a time, but as soon as that first customer rolled in, all of a sudden everyone wanted in on the action. 

Real estate is much the same.  A home may sit on the market drawing little attention, you may have had your eye on it for quite a while waiting for the "perfect time" to write an offer.  You just know it will go down another $5,000.00 don't you? 

If you are right, Your agent will call and inform you that your dream home has just reduced by 5k.  You may hurriedly dash to your agent's office and write an offer only to find out you are offer number 2 of 3! Where did everyone else come from?  You may be surprised how often this happens!

If you are wrong, the home will sell to another buyer, and you will never get the chance to compete for it.

Follow these simple steps.

1.  Get yourself pre-approved for a home loan.  Submitting a pre-approval letter with your offer will often move you to the top in a multiple offer situation.

2.  When you find the home that fit's all your needs.....Buy it!  You must be financially and emotionally ready to make the offer Before you look at homes.  Waiting on a price drop or rushing through a pre approval at the last minute is no way to buy a home.

3.  Avoid making insulting offers.  Everyone wants a good deal, but remember you may offend the seller with a low ball offer.  Your Buyer's agent will search comparable properties to help you determine the actual value of the home you are interested in.  Offer accordingly.

4.  Have your property "Market Ready"!  If you have a home to sell and are offering contingent on it's sale, make sure it's ready for the market.  Chances are the listing agent will want to preview your home and price before the seller will accept a contingent offer.  As an experienced Pierce County Real Estate Agent, you can bet I will!

If you are prepared and follow your agent's advice, buying a home will be a fun and rewarding experience.  If you choose to ignore good advice and come to the game ill prepared, your experience and results will mirror your lack of preparation.

 

 

Comments (1)

Gary White~Grand Rapids Home Selling Pro Call: 616-821-9375
Flexit Realty "Flexible Home Selling Solutions" - Grand Rapids, MI
Real Estate Services You can Trust!
How true it is, people miss the home they wanted for a few dollars and then argue over whose fault it was for not acting sooner!  We can only give directions.  The following is up to our clients.  The happy ones listen.  Nice post.
May 26, 2007 02:14 AM