How To Improve your chances in multiple offer situations

One common theme in many Real Estate markets is that homebuyers have to accept the fact that they may have to submit multiple offers on a home and compete with other buyers due to a lack of home inventory.

To help Irvine homebuyers, and future homebuyers have the advantage during the process of buying a home, we’ve compiled the best home buying tips to give buyers the advantage and be more prepared for multiple offers.

Keep Your Offer Clean

The first step to stay competitive during this hot Real Estate market is for the buyer to keep their offer clean and free from contingencies because, a seller may think that an offer, which has contingencies, is shaky, or risky, compared to other offers they’ve received that don’t have any contingencies.

Be Available To Submit An Offer

If a home buyer is serious about buying a home right now, or in the future, they must be available to submit offers when the right home comes up; this is especially important if seller is married or plans on buying a home with a significant other, they must be there to inspect the home so their spouse or partner doesn’t have to make all of the decisions without them.

Don’t Rely On The Internet For Everything

Yes the Internet can be a huge asset in today’s world, especially when it comes to buying a home, but serious homebuyers shouldn’t submit an offer on a home blindly without having gone out to inspect it first.

Homebuyers should also check out the neighborhood where the home is located, inspect the condition of other homes nearby and see what the general area has to offer because, all of these factors are important things that future buyers of that home will be taking into consideration if they decide to sell the home in the future.

Make Sure You’re Fully Verified Financially

Last of all, but most important, another important part of the home buying process is for every homebuyer to present proof up from that they have been pre-qualified for a mortgage loan including presenting proof from their lender that they have the adequate amount for the down payment plus pay for any closing costs.

To learn more affective tips for buying a home in todays Real Estate market, contact Fred Sed & Associates today by calling (949) 272-0125.

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