When buying a home in a tight seller’s market, with low inventory and multiple offers you are going to need a bit of luck and some strategies in your home buying success.  A good buyer’s agent who has negotiation skills, assertiveness, quick response time, the ability to find additional options outside of your own online search from syndicated websites like Zillow and the skill to write a winning offer, you are on your way to successfully buy your new dream home.

Follow these 6 Home Buyer Tips To A New House:

1. An assertive agent moves quickly to present an offer to the seller.  The experience they bring will guide a home buyer through options that could prove the difference between success or more house-hunting.
2. The more green you offer up-front known as earnest money can be tempting to sellers saves you money on a mortgage and shortens the length of a loan and the interest you pay.  Of course, cash offers are always king.
3. Build a relationship and stand out from the crowd of multiple offers by writing an offer to purchase letter.  Don’t just be a contract, being human can sometimes give home buyers who are financing or have smaller down payments an emotional edge over other buyers.
4. Look for homes that are selling for less than what you have been qualified for.  Doing so will allow you to offer above asking price.  Just remember lenders will only lend on the lower contract amount or appraised amount.  If your agent has been diligent in preparing a Comparative Market Analysis for you and the price is spot on you can make an offer up to what the lender has qualified you and put you in an over asking price position.
5. Consider waiving things like the appraisal resolution or home inspection resolution.  Still, have the appraisal and inspection of course, but limit it to health and safety items and willingness to make up the difference of appraisal.  Ensure you are comfortable with the house enough to move forward but understand that at a hot price point there are others who may be willing to do more than you.
6. Add an escalation clause.  This can prevent you from blindly overpaying for a home. Maybe $1000 over the highest bonafide offer up to a certain point.  Your agents experience with normal practices and probable outcomes in the market will make your offer more likely to succeed.  Again, make sure you are in the financial position to do so.

You only get one chance to make an offer and the only bad offer is the one not made.  So, with 6 Home Buyer Tips To A New House and St. Patrick’s day behind us may shamrocks, Blarney Stone, hope, faith, love, and luck be with you while house hunting.

Ready to house hunt?  Johanna Williams-Wells a Broker Associate with Redefy Real Estate when acting as a buyer’s agent is legally bound to help buyers thru the complexities of the home buying process.  Guiding you every step of the way from assisting in finding the right property, negotiating offers to help avoid costly pitfalls, recommending reliable resources to expedite the process to a successful sale, and helping to overcome setbacks that arise from home inspector reports or appraisal.  As a buyer’s agent, acting as a buffer between you, sellers and their agent I can ease the way to homeownership.  Home buyers don’t have to worry about a buyer’s agents cost, as the seller pays the commission for both the seller’s agent and the buyer’s agent.  If you are ready to house hunt, Johanna Williams-Wells is the trusted guide that will help you find a home.   303-217-3821 or Jwilliams@Redefy.com