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The Do’s And Dont’s Of Making Your Offer More Competitive

The Do's And Dont's Of Making Your Offer More CompetitiveToday, the housing market is more competitive than it has ever been in the past. You may have your eyes on your dream home, but how can you make it stand out from the crowd? There are a few tips that you should keep in mind. What are a few things you should do, and what are a few things you should avoid?

Do Get A Pre-Approval Letter

Because the housing market is so competitive, the seller is probably going to have many offers. The seller wants to make sure that the buyer they choose already has financing lined up. That way, they do not have to worry about the offer falling through. You can prove to the seller that you are making a competitive offer by getting a pre-approval letter. This letter will guarantee that your offer will be accepted, but a lack of a pre-approval letter can get your offer thrown out immediately.

Do Not Put All Your Eggs In One Basket

While you might have your heart set on a single home, do not put all of your eggs in one basket. Even if you do everything right, there is a chance that your offer will not be selected. Therefore, do not forget to take a look at other houses in the area, and be ready to put in an offer on another house if your first offer is rejected.

Do Offer To Rent Back

Keep in mind that it can take some time for someone to find a new home, so your offer could be more competitive if you allow the homeowners to rent back after they sell you the house. Essentially, this will give them an opportunity to stay in the house, even after you have purchased it, until they can find a new place to live. 

Make Your Offer As Competitive As Possible

These are just a few of the most important tips you need to follow if you are interested in purchasing your dream home. You need to do everything you can to make your offer stand out from the crowd, and that means you need to partner with a professional who can help you find the right house to meet your needs. 

 

The Most Common Mistakes First-Time Sellers Make

The Most Common Mistakes First-Time Sellers MakeEven though many people are focused on some of the most common mistakes that first-time home buyers make, there are also a lot of mistakes that first-time sellers make. Your house is an investment, and the time to capitalize on that investment is when you sell your house. What are some of the mistakes you need to avoid if you want to find the best deal possible?

Setting The Price Too High

One of the most common mistakes that sellers make is setting the price too high. Yes, you want to get as much money for your house as possible, but you do not want to be unrealistic about the money you think you can get for your home. Remember that the list price is used to drive interest in your property. If you set the price too high, people may cross it off of their list before they even take a look at it. The more people you have interested in your property, the better. Make sure you set a realistic list price.

Automatically Taking The Highest Offer

Even though you want to get as much money as possible for your home, always take a look at the details of the offer before you accept it. For example, financing could fall through. Maybe the appraisal comes in too low, and the bank refuses to finance the property. Furthermore, if you accept slightly less money for a cash offer, you might be able to save money on closing expenses, which means more money in your pocket. Always take a look at the details of each offer before you decide which one to take.

Not Working With A Real Estate Agent

Finally, a lot of homeowners believe that they can simply sell the house on their own. Unfortunately, if you do not use a real estate agent, you significantly limit the exposure of your property because you cannot list your house on the MLS. This means that some people may not even know your house is on the market. This could limit the number of offers you get.

Therefore, you should always work with a real estate professional who can help you market your house, review your offers, and walk away with as much money for your house as possible. 

3 Things to Know Before You Make an Offer on a Port Aransas Home

3 Things to Know Before You Make an Offer on a House in Port Aransas
When you’re searching for Port Aransas homes for sale, especially if you’ve been to see your favorites, you’re warming up to actually making an offer.
But are you ready to do that?
Many people are so excited to dive into home ownership that they’re ready to make an offer immediately. While that’s great, you need to know a few things before you jump in with both feet.

3 Things to Know Before You Make an Offer

Your Realtor’s® job is to make sure you’re getting the best possible price on a home, and part of that includes doing plenty of market research.
Before you make an offer on any home, sit down and talk about your options with your Realtor.
Some of the things your agent is going to review so you can make the best possible decision include:

  • How much the seller paid
  • Why the seller is selling
  • What the last 6 months have looked like as far as sales

How Much the Seller Paid

You may not know exactly how much the seller paid for the home (and in some cases, it doesn’t matter)—but if the sale was recent enough, it may make a difference in how much you offer for the house.

Why the Seller is Selling

If the home’s current owners are in a big rush to move, whether it’s because of a corporate relocation or something else, you may be able to adjust your offer accordingly.

What the Past 6 Months on the Port Aransas Real Estate Market Have Looked Like

Your Realtor’s job is to keep tabs on the Port Aransas real estate market, so she’ll know whether homes have been selling below list price. If they have, that’s often an indicator that the seller will accept a small percentage less than what he or she is currently asking.

Are You Moving to Port Aransas?

If you’re looking for a home in the beautiful city of Port Aransas, we’d love to help you.
Call us at 361-563-7788 or get in touch with us online to tell us what you want from your next home. We’ll begin searching right away.
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