School’s out and the weather’s heating up! If you are thinking about buying, learn how to get your offer accepted in a seller’s market. With multiple offers becoming the norm and prices starting to creep up, learn how to get your offer accepted to get you into the home you want.
Schedule your complimentary buyer’s consultation today with real estate agent Molly Bruno.
Contact: Molly Bruno | 860-961-8627 | mollybrunorealestate@gmail.com
1). Evaluate the home
View the home with your real estate agent, look for mechanical and structural problems to be aware of up front. Read the description and disclosures carefully to understand the home’s potential problems or upcoming maintenance costs.
2). Compare comparable home values
A real estate agent will be able to provide you comparable home sale prices to establish an estimated value range of the home. Look at recent sales within a year, with similar square footage and number of bedrooms and bathrooms.
3). Structure your offer
Learn about different financing options and the best way to submit your offer. Depending on the type of property sale, learn why a cash offer is stronger than an offer contingent on a mortgage, especially for a home needing renovation or a foreclosure. Pay attention to scheduling inspection dates and closing dates to motivate the seller to accept.
4). Negotiate
An experienced real estate agent will be able to recommend the best negotiation strategy to get your offer accepted. Consider the benefits of an offer of buying a home “as is,” versus contingent on further inspections. If there are multiple offers on the home, you should put your highest and best offer to put on the table to beat out other offers.
Contact Molly Bruno today to learn more about buying a home! Molly Bruno is licensed in Connecticut and has partners throughout the US and internationally to help you on your home buying journey.