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Buyers: Beat the Competition and Get Your Offer Accepted by Following These 5 Tips

Thursday, September 13, 2018   /   by Andy Mandel

Buyers: Beat the Competition and Get Your Offer Accepted by Following These 5 Tips

Buying in a seller’s market poses some unique difficulties, but you can easily overcome these problems by following five simple steps. 

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Buying a home in today’s seller’s market may seem like a daunting task, but these five tips can help succeed in your real estate goals.

1. Be fully pre-approved up front. Our team works with some great lenders who can put you through underwriting at the start of your transaction. This will help you to compete in today’s seller’s market, even against cash buyers.

2. Don’t overanalyze your offer.
If you find a great home, don’t think too hard about what it will take to secure it. Of course you want to make a purchase that is within your means, but don’t fret over fine details if they are all that stand between you and your dream home.

3. Work with an experienced agent. To be successful in today’s market, you need to work with a professional who has dealt with enough transactions in the past to be able to handle yours. An agent who has dealt with competitive conditions in the past and knows how to strategize accordingly will be invaluable to your success.

4. Be prepared for a bidding war. In a competitive market like the one we’re in now, bidding wars are common. Therefore, it’s important that you work with an agent who knows how to handle them and can guide you to success.

5. Learn from your mistakes. You may not be successful in every single deal you pursue, but try not to think of these instances as failures. Instead, evaluate what happened and learn from any mistakes you may have made in order to improve your future offers.

If you have any other questions or would like more information, feel free to give us a call or send us an email. We look forward to hearing from you soon.