If you are planning on buying this year, consider what it takes to write an offer that gets the seller’s attention, especially when competing with other buyers for the same home.
Strong purchase price and financial position–the price is usually the most important consideration. Evaluating market values in the area to determine a fair and strong price is essential. Back up a strong price with a strong down payment and earnest money. Get pre-approved from your lender and include your pre-approval letter so the seller will be more comfortable in your ability to obtain a loan.
Limit Contingencies – “Contingencies” are provisions in the contract which specify the terms in which the contract would be voided if certain events do or do not occur. Limit contingencies to only what is absolutely necessary.
The most common contingencies include:
Financing – would null the contract if the buyer cannot obtain a loan.
Inspection – would null the contract if the buyer does not feel he or she can handle the inspection results when major repairs are needed or the buyer and seller cannot meet eye to eye regarding what will be fixed before the property changes hands and how.
Sale of the buyer’s current home – would null the contract if the buyer cannot sell their current home by closing as the buyer would not be able to finance two properties at once.
If moving is on the calendar for you this year, please contact me as soon as possible so we can strategically plan your timing so you don’t pay more than you have to.
Call me at (206) 730-0962 or send an email: firstname.lastname@example.org.