Here is week 18 in our series of home buying tips: Make a Competitive Offer.
A seller’s market is not the time to make lowball offers. Before you submit an offer, get an idea of what neighboring homes sold for recently. Your realtor should be able to give you an estimate of what the home is truly worth. From there, make a competitive offer. If you bid too low, a seller may not even come back with a counter offer; they could just say, “No.” In this competitive market, there is a good chance you will have to be at or above listing price, so keep this in mind when making an offer.
When you find a neighborhood that appeals to you, allow our team to provide you with an up-to-date market analysis so you can be ready to make an offer that will be accepted. Simply call or email us, and we’ll get it right over to you and talk through ways to make your offer stand out from the competition.