Buying a Home In Fredericksburg Virginia

By
Real Estate Agent with Donovan & Associates Realty

If you are buying a home in Fredericksburg Virginia there are a few things you need to keep in mind. 

Homes under $200,000 in good shape are currently getting multiple offers and are going under contract within a few days of being listed.  Here are a few pointers to get your offer accepted over the competition.

1.  Put down a larger earnest money deposit.  It is customary in this area to see $1,000 as the deposit.  Consider raising it to at least $2,000 - $5,000.  If you are doing FHA financing chances are you will have to put down this much anyway.  Remember, your deposit can be used as your down payment.  The larger your depsoit, the more serious the seller is going to take your offer.

2.  Remove as many contingencies as possible.  I always recommend getting a home inpspection to my buyers.  If the house is in really good shape, however, I will recommend to them to make it for major items only.  What are the major items?  They typically include electrical, plumbing, roof, foundation/structure and HVAC system.  You want the seller to understand that you are not going to nickel and dime them for every minor issue.

3.  Close as quickly as possible.  Most of the time the seller wants to get the home sold as soon as possible.  If the sale is going to fall through, they would rather know three weeks from now than two months from now.

I hope these tips are helpful and remember, if your buying a home in Fredericksburg Virginia go to www.fredericksburghomestoday.com to start your search or call me on my cell number below.

Robert Donovan

(540) 672-8290

 

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