Whether it’s your first home or you’re a 5th time pro, making an offer is a process, and one that can be done with precision. In this blog post, we’ll identify a few aspects of making an offer so you can be better prepared to close on the home of your dreams.

  1. Know Your Limit: The best offers are the ones that fit the financial appetite of the individual. When it comes to borrowing money, paying for your home, and ultimately growing your wealth, it’s important that you know your limit. Intelligent Mortgage Planning is and has been committed to individuals and families investing wisely in their real estate plans. When you understand your limits, you’re better protected from the market, from yourself, and from others trying to take advantage of you. Interested in knowing your limit? Lets setup a meeting. Click here: www.teams.movement.com/zufalllendingteam/contact/
  2. Respond Quickly: Timing is everything; especially in a market with limited inventory. So, make sure that once you understand your limit, you respond with an offer in a timely manor. Think about it this way, it’s a race to get to the table (but, you don’t want/need to overeat). When you’re timely in your responses, you’ll be better prepared to close with a seller and their agents.
  3. Make It Count: If you’re serious about purchasing a property, it’s important that your offer reflects that. Although it may feel like a bargaining game, you don’t want to offer something ridiculous (high or low) and lose credibility. Working with a qualified agent will help you create offers that will count.
  4. Negotiate: Don’t just accept the sellers offer. Try and negotiate something. Whether it’s the closing costs, amount for the home, or something else, don’t NOT negotiate. Although you want to make your offer count, you also want to make it worth your while. So, don’t be ridiculous, but try and meet the seller in the middle.
  5. Walk Away (If Need Be): Don’t ever, Ever, EVER, be afraid to walk away from a deal. There will always be another home, another offer, and another opportunity. Individuals who know their limit, respond timely, make qualified offers, and negotiate accordingly often times also know when to walk away from a bad deal. When you can distance yourself from the vanity of the offer, you’ll be much more aware of the logical, and less controlled by the emotional. This will help you ultimately make the best decision for your family.

So, as you prepare to purchase a home, please remember these strategies as you inch closer to closing. Investing wisely can be done when follow the advice of those who have gone before you; and those who have seen the good, bad, and ugly of mortgage strategy. Trust us, you’ll want to be on the good side.

If you have any questions at all, please don’t hesitate to connect.

– Intelligent Mortgage Planning Team