Virginia Gardner

Back To Blog

5 Tips for Making Your Best Offer on a Home

5 Tips for Making Your Best Offer on a Home | Simplifying The Market

As a buyer in a sellers market, sometimes it can feel like youre stuck between a rock and a hard place. When youre ready to make an offer on a home, remember these five easy tips to help you rise above the competition.

1. Know Your Budget

Knowing your budget and what you can afford is critical to your success as a homebuyer. The best way to understand your numbers is to work with a lender so you can getpre-approvedfor a loan. AsFreddie Mac puts it:

This pre-approval allows you to look for a home withgreater confidence and demonstrates to the seller that you are a serious buyer.

Showing sellers youre serious can give you a competitive edge, and it helps you act quickly when youve found your perfect home.

2. Be Ready To Move Fast

Homes are selling quickly in todays competitive housing market. According to the Existing Home Sales Report from theNational Association of Realtors(NAR):

Eighty-three percent of homes sold in November 2021 were on the market for less than a month.

When houses are selling this fast, staying on top of the market and moving quickly are key. Your agent can help you put together and submit your best offer as soon as you find the home you want to buy.

3. Lean on a Real Estate Professional

No matter what the housing market looks like, rely on a trusted real estate advisor. AsFreddie Macalso notes:

The success of your homebuying journey largely depends on the company you keep. . . .Be sure to select experienced, trusted professionals who will help you make informed decisions and avoid any pitfalls.

Agents are experts in the local real estate market. They have insight into whats 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.

4. Make a Strong, but Fair Offer

According tothe latestRealtors Confidence Index from NAR, 40% of offers today are above the list price. In such a competitive market, emotions and prices can run high. Having an agent to help you submit a strong, yet fair offer is critical in these situations. Your agent can help you understand the market value of the home and recent sales trends in the area.

5. Be a Flexible Negotiator

When putting together an offer, your trustedreal estate advisorwill help you consider which levers you can pull, including contract contingencies (conditions you set that the seller must meet for the purchase to be finalized). Of course, there are certain contingencies you dont want to give up. Freddie Macexplains:

Resist the temptation to waive the inspection contingency,especially in a hot market or if the home is being sold as-is, which means the seller wont pay for repairs. Without an inspection contingency, you could be stuck with a contract on a house you cant afford to fix.

Bottom Line

Todays competitive landscape makes it more important than ever to make a strong offer on a home. Lets connect to make sure you rise to the top along the way.

Add Comment

Comments are moderated. Please be patient if your comment does not appear immediately. Thank you.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.


  1. No comments. Be the first to comment.