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How To Get Your Offer Accepted Next Time

by Pro Management Realty 12/03/2018

The decision to buy a home can bring all sorts of emotions. From stress to joy to fear, you need to be prepared for any situation to arise. From saving up enough money for a down payment to securing financing to hoping for a smooth closing, buying a home is a complex event. Just about the worst thing that can happen in the process is finding the home of your dreams and then having your offer rejected. If you do lose out on the house to another bidder, below, you’ll find a few reasons why.


The Home Is Above Your Means


If you go after a home that’s above a price that you can afford, it’s likely that your offer will be declined. Look at all of your numbers and find a reasonable price point with your real estate agent. Be sure that your agent won’t show you homes that are far above your budget. Don’t risk falling in love with a house that you can’t afford. If you start big, you may be disappointed at the type of home you actually can fit in with your budget. 


A Better Offer Came In


In high competition markets or for a home that’s receiving a lot of attention, sellers may get multiple offers. All that attention is why it’s always best to keep your offer as close to the asking price as possible. Don’t assume that other buyers will bid low. Remember that sellers want to get the most return on their home, which means they are going to take the highest offer in most cases.


You also don’t want to get too carried away in asking for contingencies. If you ask too much of a seller’s, they won’t bother giving your offer serious consideration when other buyers have asked them to put less time and money into the home. Don’t ask for unnecessary repairs or over the top back costs. 


You’re Not Approved For A Mortgage


The seller wants you to have a home loan pre-approved so that the process of selling their home will be that much smoother. Some seller may only consider bids by buyers who have been pre-approved for a loan. You should definitely be pre-approved before you even set out on your home search.


To get your offer accepted on a home you love, you need to do your homework. As a buyer, you want to keep the needs of the seller in mind. Although you want the best deal for yourself, you're more likely to get a property that you want if you compromise a bit. 


About the Author

Author
Pro Management Realty

Hi, we’re Property Sheroes, and as our name suggests without much subtlety, we are a team of women who have decided to take over the world of Realty one deal at a time. Currently, we’re serving the Lee County area in Florida. We call ourselves ‘Sheroes’ for two reasons. First and most obviously, because we are a team of women working in Real Estate, bringing together intuition and genuine concern for the people we meet in this line of work. In the often humdrum and ruthless world of Realty, we give our people a welcome alternative to generic sound bites and hard-nosed deal chasing. The second reason we are ‘Sheroes’ is that we have that spark of something extra to bring to the table. Our team is currently made up of Cosset Garcia and Nancy Nunez, two remarkable women with very different interests and backgrounds. Cosset is a Real Estate industry veteran with almost 10 years of experience behind her, while Nancy is a well-known international DJ who recently received her Real Estate license.   

In addition to working as a Broker Associate for 8 years, Cosset has founded and sold a successful brokerage and she is also an Accredited Buyers’ Representative (ABR) and a certified residential property manager. She sold more than $10 million dollars in business while house prices still averaged $100,000 or less, and she is currently averaging more than $4 million in sales. Nancy on the other hand, has worked on several high profile Electronic Dance Music projects, including a feature on billboard chart recording artist Ceevox. At Property Sheroes, we believe that humans are the most important element of business, and so we consciously make sure to live full and complete lives outside of our day job. The best way to understand people after all, is to live normally. We aren’t a typical Real Estate company. Our passion is people. To find out more about us or to get in touch, please send an email to [email protected]