HousePro Realty, Inc.
Kristi Gonzalez, DRE #01877616, HousePro Realty, Inc.Phone: (858) 688-1802
Email: [email protected]

What to Expect If You Submit a Competitive Offer on a House

by Kristi Gonzalez, DRE #01877616 08/13/2019

If you want to buy your dream house, you'll likely need to submit a competitive offer from the get-go. That way, you can boost the likelihood of receiving a "Yes" from a home seller and proceed along the homebuying journey.

Putting together a competitive homebuying proposal can be simple. Now, let's take a look at three tips to help you prepare a competitive offer to acquire your ideal residence.

1. Look at Your Homebuying Budget

Entering the real estate market with a budget in hand generally is beneficial. This budget will enable you to narrow your house search to residences that fall within a certain price range. Plus, your budget can help you define exactly how much you can offer to acquire a residence.

When it comes to mapping out a homebuying budget, you should meet with several lenders. These financial experts can help you get pre-approved for a mortgage. And with a mortgage in hand, you'll know exactly how much you can spend on a house.

2. Review Housing Market Data

Housing market data can make or break a homebuying proposal. If you assess real estate market data closely, you can uncover a variety of patterns and trends. Then, you can use this information to craft a competitive offer that accounts for the present real estate market's conditions.

Of course, it helps to evaluate the age and condition of a house as well. Learning about all aspects of a house will help you determine whether to submit an offer at, above or below a seller's initial asking price for his or her residence.

The more information that you obtain about a residence and the current housing market's conditions, the better off you will be. Because if you take a data-driven approach to buying a residence, you can define a competitive offer for any home, in any housing market and at any time.

3. Consult with a Real Estate Agent

A real estate agent is a difference-maker, particularly for a homebuyer who is uncertain about what differentiates a competitive home offer from a "lowball" proposal. In fact, a real estate agent will go above and beyond the call of duty to ensure that you can acquire a great house at the lowest-possible price.

Typically, a real estate agent will provide you with a wealth of housing market insights. He or she also is happy to teach you about the real estate market and respond to any of your homebuying concerns or questions.

A real estate agent can offer recommendations about how much you should offer to pay for a house too. He or she will provide honest, unbiased homebuying suggestions to help guide you in the right direction throughout the homebuying cycle.

If you want to purchase your dream house as quickly as possible, there is no reason to delay any further. Take advantage of the aforementioned tips, and you can prepare a competitive offer to purchase your dream residence.

About the Author
Author

Kristi Gonzalez, DRE #01877616

I am the Broker of HousePro Realty, Inc.  My team serves all of San Diego County and we have had the opportunity in the past 20+ years to help numerous clients buy and sell homes.   

If you are selling a home,  we never charge any more than the negotiated commission.  If you are buying a home we never charge you any fees at all.  

Many brokerages now do, so always ask upfront if the company/agent you are considering using will be charging you any additional fees, such as transaction coordinator, admin or doc fees, etc.  

Our services include helping you sell your home for the best price, in the least amount of time, with process as smooth as possible, making sure you complete all required disclosures to avoid legal issues later.  

If you are  buying, we will help you find the right home, assist you in arranging financing, negotiate a good purchase price on your behalf, and will handle all the details of the transaction to ensure a smooth closing. 

When the time comes for you to purchase or sell a home, let us put  our 20+ years' experience to work for you.  We would appreciate the opportunity to represent you and  we look forward to the opportunity of becoming your trusted real estate resource.  

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Let me know how you were referred to my company and we will provide you with a set of Cutco Knives Value up to $200, at closing, if you list or purchase a home with HousePro Realty, Inc. representing you.

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Refer a client to my team and we will make a donation to Charity, in your name, when the home closes escrow.

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Attention all Military Veterans, Nurses, First Responders, Firefighters, and Law Enforcement officers. My team provides a reduction in commission if you list your home with us and closing cost credits if you purchase a home with my team representing you. Thank you all for your service to our country.

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