Investment

5 Secrets of Making the Perfect Offer

By: Márcio Lima

As soon you really find your dream home, you start thinking about your new life and your new neighbors. Incredible as it may seem, you start decorating your rooms mentally and think about inviting your friends for a barbecue in your backyard. But, before doing all those things, first you must make an offer and this step is so important that you cannot risk making any mistakes! According to Cara Ameer, expert from Coldwell Banker, to make the perfect offer you should know the five secrets which are listed below.

WHY THEY ARE SELLING THE HOUSE

To begin with, the buyer should know why they are selling the house. Do not be afraid of asking your agent, after all, you do not want sad surprises afterwards. It is also very important to check public records to see when the seller last purchased the property and if there is anything still old. It will not be a good deal if you have to  spend too much money on repairs.

USE REASON AND NOT YOUR HEART

It is very easy for you to fall in love with a brand-new house, but there are some questions that need to be asked, such as. Do you really need this house? Is it really the house you have always dreamed about? Is the seller staying in the area? Is he relocating for a new job or retiring?  You should think it over before making this decision if you do not want to regret later. After all, you are buying a house and not a toothbrush.

STRUCTURE YOUR OFFER TO APPEAL

Another important thing to do is to structure your offer to appeal to the seller. It is true that prices may motivate him a lot and he may have had many other offers before you, so it would be an excellent idea to write a letter introducing yourself to the seller explaining why you are interested in his or her house.

PUT YOUR BEST FOOT FORWARD

In order to make a successful offer, you should treat it like a once-in-a-lifetime opportunity, so make an appealing offer that may motivate the seller and, principally you. Be logistically ready, bank statements, pre-approval letter, and any documents supporting proof of funds. Having all documents ready may save you time and may show the seller you are really interested in  his property.

DO NOT OVERCOMPLICATE THINGS

 And finally, do not overcomplicate things. Find out what contingencies are normal within your marketplace and check your rights to protect yourself without giving it up.  So, to avoid problems, get the house inspected before you move in. It does not matter if it seems to be a new construction. An inspection is the only way to uncover potential flaws that could cost major cash to fix. Remember: It is better safe than sorry.

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Tags:

buying a home, investing, real estate, living in the US