Winning the Bidding War: 4 Tips to Make Your Best Offer on a Home

Springtime is the hottest season for real estate!

To increase your chances of securing the home you want, keep these four tips in mind.

1. Rely on a real estate professional to support your goals. Bankrate notes:

“...select the best real estate agent for your needs. They will be a critical part of your home buying process.”

They have in-depth knowledge of the local market, which can help you cater to the seller's needs and make your offer stand out.

2) It's crucial to understand your budget. Sandy Higgins, Senior Wealth Advisor at Capstone Financial Advisors, puts it:

“Understand your current budget ... what are your expenses, how’s your spending, would you need to make changes?”

Working with a lender to get pre-approved for a loan shows sellers you're serious and financially confident, giving you a competitive edge.

3) Take the time to think everything through before making an offer. According to Danielle Hale, Chief Economist at realtor.com:

“In general, you likely have more time to make an offer, although that’s certainly not a guarantee. If you’re on the fence about a home or its asking price doesn’t quite fit your budget, you might want to keep an eye on it, and if it doesn’t sell right away, you may have some room to negotiate with the seller.”

While the market is still competitive, it's moving at a slower pace than during the pandemic, allowing you more flexibility to explore options and receive guidance from your agent.

4) Work with your advisor to negotiate. Unlike during the pandemic, today's market allows for more negotiating power, making it important to consider potential concessions or inspections with the guidance of a trusted real estate advisor.

In summary, if you're buying a home this spring, connect with a professional for guidance to make your best offer.

Graham Team Real Estate • (702) 930-9551 • Team@grahamteamnv.com

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980 American Pacific Dr. Ste. 111 Henderson, NV 89014