Channeling your inner Godfather for making an offer on your dream home will increase your chances of being picked.
It’s like when one strikes gold: after hours or days of searching the housing market for your perfect home, you’ve finally found it! You were so excited, in fact, that you even played a little game of “Where Will the Flat Screen Go?” But before you can move everything in, you must first make an offer, and then it must also be accepted. Here are ways to make an offer that sellers can’t refuse.
- Don’t Fall to Your Emotions
It’s important to set a limit on how much you’re going to spend. While purchasing the perfect home is important, it’s not worth having to suffer to pay your monthly mortgage. Keep your rational mind on when looking for a house, and don’t let your emotional side get the better of you (again).
- Weigh the Pros and Cons for Repair Requests
Maybe you’re looking to have some of the closing costs covered, or maybe you just want the old dirty carpet replaced. Asking the seller for concessions is part of the process, but you have to keep your expectations reasonable. Make a list of “musts” and “would likes” for the seller to tackle and review them with your real estate team.
- Consider Your Approach
Talk with your real estate team and research the similar houses near the house you’ve found. This is a good way to get an idea of pricing. Next, decide if you’re paying cash or financing it with a mortgage. Cash offers can normally land lower than asking prices because it removes the hassle of the mortgage paperwork. If you’re taking out a mortgage, make sure that you make the process as smoothly as possible.
For all of your home buying needs throughout the Solana Beach, California area, contact the professionals at Ranch & Coast Mortgage Group Inc.
