Make Your Offer Stand Out From Others: Many times a desirable property priced aggressively for a quick sale will receive several offers all at once, and it is not always the Buyer offering the most money that will become the new owner. Get advise and help from your Buyer's agent to formulate an offer that stands out from others based on it's overall terms, such as the amount you're offering to pay down. There are many more factors making up an enticing offer, such as waiving mortgage contingencies or just the promise to close on a date convenient to the seller. Your Buyer's agent will help you to write an offer that is attractive but always takes your specific situation and budget into account. Get Your Financial House In Order: Most problems arising in the process of acquiring real estate stem from ill-prepared shoppers. Make sure that you get pre-approved by a reputable lender for an amount you can afford in the long run. Without the pre-approval letter it is very difficult to make a successful offer on a property that interests you. The Seller may not take you seriously or just go with the next offer that is pre-approved. Again your Buyer's agent is a good source of guidance and can help you getting started if you feel overwhelmed or just don't know where to begin. Let Your Agent Do The Talking For You: While obtaining information on a property, negotiating the price and terms, making and countering offers, you should avoid talking directly to the Seller or the Seller's agent. You may inadvertently make mistakes that could cost you later on, or accidentially make statements shutting down negotiations alltogether. Your Buyer's agent on the other hand will work with you closely to devise a suitable strategy and knows how to present it to the other party without loosing dialogue if things become difficult. You hired your agent to find out all the information, guide, help and represent you, and your agent will just do that making sure that your interests are protected at all times. Please do not hesitate to contact me for more information on these subjects. |