If you need assistance, please call 818-248-8668

4 Tips for Making Your Best Offer on a Home

Sunday, March 12, 2023   /   by Vic Markarian

4 Tips for Making Your Best Offer on a Home

Copy of Daily Blogs 5 (2).jpg



Are you planning to buy a home this spring? Though things are more balanced than they were at the height of the pandemic, it’s still a sellers’ market. So, when you find the home you want to buy, remember these four tips to make your best offer.


1.Lean on a Real Estate Professional


Rely on an agent who can support your goals. As Bankrate notes:



“. . . select the best real estate agent for your needs. They will be a critical part of your home buying process.”


Agents are local market experts. They know what’s worked for other buyers in your area and what sellers may be looking for in an offer. It may seem simple, but catering to what a seller needs can help your offer stand out.


2.Know Your Budget


Understanding your budget is especially important right now. As Sandy Higgins, Senior Wealth Advisor at Capstone Financial Advisorsputs it:



“Understand your current budget … what are your expenses, how’s your spending, would you need to make changes?”


The best way to understand your numbers is to work with a lender so you can get pre-approved for a loan. It helps you be more financially confident, and it shows sellers you’re serious. That can give you a competitive edge.


3.Think Through Everything Before Making an Offer


Today’s market isn’t moving at the record pace it did during the pandemic. That means you may have a bit more time to think before you need to make an offer. According to Danielle Hale, Chief Economist at realtor.com:



“In general, you likely have more time to make an offer, although that’s certainly not a guarantee. If you’re on the fence about a home or its asking price doesn’t quite fit your budget, you might want to keep an eye on it, and if it doesn’t sell right away, you may have some room to negotiate with the seller.”


While it’s still important to stay on top of the market and be prepared to move quickly, there can be more flexibility today. Lean on the advice of your agent as you explore the options in your market.


4. Work with Your Advisor To Negotiate


During the pandemic, some buyers skipped home inspections or didn’t ask for concessions from the seller in order to submit the winning bid on a home. Fortunately, today’s market is different, and you may have more negotiating power than before. When putting together an offer, your trusted real estate advisor will help you think through what levers to pull.


Bottom Line


When you buy a home this spring, let’s connect so you have the guidance to make your best offer.

Website

https://www.seeglendalehomes.com
Subscribe to our YouTube Channel for real estate insights, updates, and news!
http://bit.ly/MarkarianRealtyChannel

Social Media Accounts: 

Twitter
Instagram
Facebook
LinkedIn
Tiktok

Source: Keeping Current Matters

  vic markarian realty team, real estate tips, home buyer, home seller, markarian realty team, home buying process, mortgage, home prices, vic markarian realty, markarian realty, home buying, selling homes, buyer's market, competitiveness, market value, mortgage rates, pricing strategy, real estate, real estate expertise, spring housing market

Markarian Realty Group
3237 N. Verdugo Rd.
Glendale,, CA 91208
818-248-8668
DRE# CalBRE# 01059771

Based on information from California Regional Multiple Listing Service, Inc. as of February 27, 2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
This site powered by CINC: www.cincpro.com