Tips when making competitive offers
When you are purchasing a home, contract and price negotiations are a key part of the transaction:
Be quick to respond to counteroffers – Delays in responding leave space open for another buyer to step in and create a bidding war.
Get help from your real estate agent – Take advantage of my experience in real estate. I can provide information about contract wording and potential pitfalls. I can also share with you information regarding market conditions that can help you understand your relative negotiating strength.
Work with a Loan Officer Early – Sometimes buyers inch up in price during the house hunt and in the course of formulating their offer. It’s important to keep in touch with your loan officer if the price goes above your previously approved loan amount.