Buying a home along the shore or anywhere else in the United States can be frustrating at times. It can be even more frustrating when you have made offers on multiple homes only to lose out over and over again. The available inventory of houses is currently low and there are a lot of buyers in the market today. Now is the time to buckle down and make an offer that the seller can’t refuse.
Freddie Mac recently had these 4 tips to share when putting an offer in on a home in their latest Executive Perspective.
- Understand How Much You Can Afford
You need to know how much you can afford. This step should be the first in the home shopping process. Have a full understanding of your finances before putting an offer in on your dream home. First, meet with your lender of your choice and get pre-approved for a home loan. This will show home sellers that you are serious about buying and already qualified to buy a home that is in that price range.
- Act Fast
With the number of available homes on the market at low levels, you have to be prepared to act fast. The sooner you put an offer in on a home the better your odds will be. Work with an experienced real estate agent who will be ready to help you move as quickly as possible.
- Make A Solid Offer
A strong offer that is comparable to what other listings have sold for in the surrounding neighborhood is a must. In today’s competitive market a strong solid offer should be submitted. A real estate agent experienced in the neighborhood will be key in helping you submit a winning offer.
- Be Prepared To Negotiate
If a seller receives multiple offers, they may choose to try to negotiate each of those offers individually in hopes of getting the best deal. Be ready to negotiate on things such as selling price and even closing dates. Remember to not get carried away and offer more for the home than you feel comfortable with.
If you are ready to get started on your path to homeownership along the Jersey Shore let The Ferzoco Group help. We are experts in real estate from Ocean City to Cape May. Real estate is one of the biggest investments of your life and The Ferzoco Group knows what it takes for you to take that leap of faith in real estate. We provide you with the tools, professional service, and experience it will take for you to live the dream. Contact us today here, or give us a call directly at (609) 399-5454.
To see the original “Four Tips for Making an Offer” article by Freddie Mac visit here.