When to Make an Offer on a Home

Once you’ve decided that a house is meant for you, the offer process can seem a bit intimidating. There are many moving parts to consider, including writing an offer that will stand out and get the seller’s attention. Knowing when and how to make an offer on a home is a huge advantage in a seller’s market! Take a look at these tips and tricks:

• Review Listings with an Agent: Before you can make an offer, it is a good idea to look at comparable listings in the area. This can help you determine the right amount to offer. The more competitive the market, the more likely it is that your offer should be at or above asking price. 
• Offer Cash if You Can: Sellers will prefer a cash offer above anything! This is not a feasible option for every buyer, however. Sellers will often accept a lower cash offer over a financed one because of the ease and convenience of the process. 
• Know When to Offer: With a seller’s market in place, timing is everything. Houses are selling fast, and if you are looking at your dream home, you need to act quickly! Set up a game plan with your agent to get the best offer in.