Making an Offer: Your Guide to Securing Your Dream Home

Congratulations! You’ve found the perfect home. In today’s competitive seller’s market, making a timely and strategic offer is crucial. Here’s how to navigate the process of making an offer on a home.

When to Make an Offer

Once you’ve found the house you want, it’s essential to act quickly. We will review recent sales, current buyer activity in the area, and the property's condition to determine a fair offer price.

How Much to Offer

We'll discuss and analyze:

• Recent Sales: Look at comparable homes in the area.
• Buyer Activity: Understand the market dynamics.
• Property Condition: Assess the home’s current state.

Submitting an Offer

To make your offer more appealing, consider the following components:

• Put Your Best Foot Forward: Create a strong, competitive offer right from the start.
• Healthy Earnest Deposit: A large deposit shows the seller you are serious.
• Cash Talks: Offers not contingent on loan approval are more attractive.
• Shorter Inspection Periods: Consider shortening the inspection period to 7 days.
• Offer to Close Quickly: Many sellers prefer closing within 30 days or less.

After You Submit an Offer

The seller has a few options:

1. Accept the Offer: Congratulations, you’re under contract!
2. Decline the Offer: This may happen if your offer isn’t close enough to the seller's expectations.
3. Counter-Offer: The seller might propose different terms. In this case, you can:
   • Accept the counter-offer.
   • Decline the counter-offer.
   • Make a counter to the counter-offer.

You can negotiate back and forth until both parties agree or someone decides to walk away.

Offer is Accepted – Next Steps

Once all parties sign the purchase agreement, you’re officially under contract. This period is called the contingency period, during which inspections, appraisals, and any other conditions outlined in your agreement will occur.

Conclusion

Making an offer on a home involves careful planning and strategic decisions. By understanding the components of a strong offer and being prepared for possible negotiations, you can increase your chances of securing your dream home. With the right approach, we will navigate this process smoothly, so you will be that much closer to homeownership.

I am happy to chat to see if I may be a good fit to help you find your dream home. Call me at 719-922-0102 for any questions you may have.