So, you have finally found the house of your dreams in the St. Louis area, and are ready to take the next steps and make it yours. Well, congratulations! While being able to find the home you want to buy is a big deal, you need to prepare for the next steps carefully. As the real estate market is incredibly competitive, making the best offer is critical. Understand that it can be quite confusing and nerve-wracking to make an offer on a home you really want to buy. Working with a buyer’s agent you can trust will help guide you through the process and aid you in making a successful offer.
While making an offer on a new home may seem overwhelming, with the right knowledge and a bit of help, you can make it happen. Check out these tips for making a successful bid on your dream home.
To learn more or for help purchasing a home in the St. Louis area, Blaine Team can help. As a local real estate firm serving the greater St. Louis area since 2017, we will walk you through all of the steps from finding your dream home to making an offer.
How to Make a Successful Offer on a House
1. Get Pre-Approved for a Mortgage
One of the biggest advantages that you can have as a buyer is to get pre-approved, or at least pre-qualified for a mortgage. It is a major factor that proves to the seller that you actually have the money to buy the house.
The seller will more likely accept the offer of a buyer who is pre-approved by a lender than someone who isn’t.
2. Work with Your Buyer’s Agent to Act Quickly
When you are making an offer on a house, you need to be ready to act fast. Sort out your financing options quickly to make a competitive bid as soon as you find the perfect home.
The market is fluctuating, but it is still a “seller’s market”, which means that there could be other people who are just as interested in the property as you. They might even be willing to pay more than the asking price. So, be prepared to act quickly!
3. Plan for the Inspection
One of the most common mistakes that most buyers make is that they waive inspections to make their offer more attractive. As a buyer’s agent, we recommend that you never do this.
Waiving inspections can be incredibly risky as you can end up missing potential issues with the home. This could eventually lead to you paying a hefty amount for repairs down the line. We recommend that you fully understand the risks of waiving inspections and the allowed timeframes for completing inspections.
4. Be Flexible & Patient
Negotiating the sale of a home can take some time and might not always go as smoothly as you would like. Thus, keep an open mind, and stay patient and flexible. Be willing to negotiate and adjust your offer as you work with the seller to come to an agreement.
Get In Touch with an Expert Buyer’s Agent at Blaine Team to Help You Make the Perfect Offer on a Home In St. Louis
If you need help and guidance with making the best offer for your dream home in the greater St. Louis area, the expert buyer’s agents at Blaine Team can help. We serve buyers and sellers throughout the St. Louis area including Oakville, Kirkwood, Creve Coeur, Ladue, St. Charles, St. Peters, and O’Fallon, MO. We can work with you to understand your finances, requirements, and the time frame within which you need to close the deal. We will use this information to craft the perfect offer and navigate the negotiation process like pros. Contact us to learn more and get started searching for your new home!
