Contact Corey Robinson for help in negotiating an offer for a home in King County and Seattle, Washington.
The Seattle Real Estate market is a good example of an area where multiple offers are very common. If you really want a home and think that other offers will be made (or if you just want to make a strong offer regardless of other offers), here are a few things to keep in mind:
- Know your limits and what the highest amount you're willing to pay for the house. Utilize comparable sales data to predetermine the upper limit of what you'll pay.
- Keep in mind that from the Seller's point of view, price is not always the determining factor when selecting an offer. Sellers should be more interested in offers that provide the most desirable combination of price, financing, and contingencies of sale. Have your agent find out as much as possible about the Seller's needs before you make your offer.
- Everyone wants to feel as though they got the best deal they could, but it is always smartest to bek your best offer first. You may not get a second chance.
- Get pre-approved for a loan. If you haven't taken the time to go through this process, the Seller might not think that you are serious and would prefer to go with another offer where financing would be less of an uncertainty.
- The fewer contingencies you include, the more appealing your offer will be. If you can avoid it, don't make your offer contingent on the sale of your current house. This could make the closing as long as 60 days instead of 30-45 and adds one more uncertainty about you and your offer for the Seller.
- If you do need to sell your house before you buy another one, put your house on the market before seriously looking for a new home. You can make the sale of your home have a longer closing date to accommodate your home search and if needed or if the Buyers of your house are willing, you can arrange to rent back from your home's new owners until you find your next house.
To get some help negotiating an offer for a home contact Corey now!
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