4 Tips for Making Your Best Offer on a Home

<article class="post-649865 post type-post status-publish format-standard has-post-thumbnail hentry" id="post-649865"><span class="entry-date">March 9, 2023</span><div class="entry-header center-block text-center"><h1 class="entry-title">4 Tips for Making Your Best Offer on a Home</h1><div class="shareBlock"><div class="shareTitle">Share</div><div class="shareIcons"><a aria-label="Twitter Share Link" class="twitter solid display-inline-block" data-tracking="Post,Social Post Link Clicked,Twitter" href="http://twitter.com/share?text=4+Tips+for+Making+Your+Best+Offer+on+a+Home&amp;url=https%3A%2F%2Fgilliggroup.com%2Fblog%2F4-tips-for-making-your-best-offer-on-a-home%2F" target="_blank"><span class="force-hidden">Twitter</span></a>
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</div></div><div class="post-tax post-category"><span></span><a href="../category/realtor-blog/index.html" rel="tag">Realtor Blog</a></div><div class="post-tax post-post_tag"></div></div><div class="entry-content"><div><img alt="4 Tips for Making Your Best Offer on a Home Simplifying The Market" decoding="async" loading="lazy" src="https://media.agentaprd.com/sites/222/four-tips-for-making-your-best-offer-on-a-home-KCM.webp" style="display: block; margin-bottom: 5px; clear: both; max-width: 100%;" width="358"/>
<p>Are you planning to buy a home this spring? Though things are more balanced than they were at the height of the pandemic, it’s still a sellers’ market. So, when you find the home you want to buy, remember these four <a href="https://www.simplifyingthemarket.com/2023/02/10/how-to-win-as-a-buyer-in-todays-housing-market-infographic/" rel="noopener noreferrer" target="_blank">tips</a> to make your best offer.</p>
<h4><strong>1. Lean on a Real Estate Professional</strong></h4>
<p>Rely on an agent who can support your goals. As <em>Bankrate</em> <a href="https://www.bankrate.com/real-estate/how-to-make-an-offer-on-house/" rel="noopener noreferrer" target="_blank">notes</a>:</p>
<blockquote><p><em>“. . . select the best real estate agent for your needs. They will be a critical part of your home buying process.”</em></p></blockquote>
<p>Agents are local market experts. They know what’s worked for other buyers in your area and what sellers may be looking for in an offer. It may seem simple, but catering to what a seller needs can help your offer stand out.</p>
<h4><strong>2. Know Your Budget</strong></h4>
<p>Understanding your <a href="https://www.simplifyingthemarket.com/2023/02/03/you-may-not-need-as-much-as-you-think-for-your-down-payment-infographic/" rel="noopener noreferrer" target="_blank">budget</a> is especially important right now. As Sandy Higgins, Senior Wealth Advisor at <em>Capstone Financial Advisors</em>, <a href="https://www.cnbc.com/2022/10/26/how-to-buy-a-home-in-a-cooling-market-according-to-top-ranked-advisors.html" rel="noopener noreferrer" target="_blank">puts</a> it:</p>
<blockquote><p><em>“Understand your current budget … what are your expenses, how’s your spending, would you need to make changes?”</em></p></blockquote>
<p>The best way to understand your <a href="https://www.simplifyingthemarket.com/2023/02/13/what-you-should-know-about-closing-costs/" rel="noopener noreferrer" target="_blank">numbers</a> is to work with a lender so you can get pre-approved for a loan. It helps you be more financially confident, and it shows sellers you’re serious. That can give you a competitive edge.</p>
<h4><strong>3. Think Through Everything Before Making an Offer</strong></h4>
<p>Today’s market isn’t moving at the record pace it did during the pandemic. That means you may have a bit more time to think before you need to make an offer. According to Danielle Hale, Chief Economist at <a href="https://www.realtor.com/advice/buy/homebuying-rules-youve-heard-lately-you-should-break/" rel="noopener noreferrer" target="_blank"><em>realtor.com</em></a>:</p>
<blockquote><p><em>“In general, you likely have more time to make an offer, although that’s certainly not a guarantee. If you’re on the fence about a home or its asking price doesn’t quite fit your budget, you might want to keep an eye on it, and if it doesn’t sell right away, you may have some room to negotiate with the seller.”</em></p></blockquote>
<p>While it’s still important to stay on top of the market and be prepared to move quickly, there can be more flexibility today. Lean on the advice of your agent as you explore the options in your market.</p>
<h4><strong>4. Work with Your Advisor To Negotiate</strong></h4>
<p>During the pandemic, some buyers skipped home inspections or didn’t ask for concessions from the seller in order to submit the winning bid on a home. Fortunately, today’s market is different, and you may have more negotiating power than before. When putting together an offer, your trusted real estate advisor will help you think through what levers to pull.</p>
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