Monday, May 15, 2017

Key Steps to Buying in Our Market

If you’re looking to buy a home in our market, you’ll need to be prepared. We’ll go over the steps to help you get ready today.

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Two things come to mind when setting the groundwork for our buyers to win multiple offer situations. 

The first thing is having a very detailed consultation before we even start looking at properties. That way, we can understand what your needs are and what you’re looking for in a home to make sure we are only looking at properties that suit you and your needs. 

The second thing is meeting with a lender to get a full approval before submitting any offers. We want to take a complete look at your debt, income, and what payments you can afford to get you set up to submit an offer. That way, when you find a home you like, we can write an offer quickly. During our consultation, we will give you a few fantastic lenders to choose from that will take great care of you. 

We can take the financing contingency period from three weeks down to 10 to 15 days.

Once the groundwork is laid and we’ve found a property you want, there are a few things we can do to ensure your offer stands out. 

First, make the option period short. Sellers love short option periods. One thing we do is shorten that period from seven to three or four days by working with a great home inspector. 

Next, it’s a good idea to offer more earnest money. Earnest money goes toward your down payment at closing. Sellers love to see a greater amount of earnest money because it gives them a sense of security concerning your finances. 

Third, lower the amount of time it takes to get fully approved by going through the approval process before submitting the offer. We can take the financing contingency period from three weeks down to 10 to 15 days. 

One other tip that we find is super successful in winning multiple offer situations other than well laid groundwork and a tight offer is to write a letter directly to the seller. Sellers do really care about who is buying their property, so writing them a letter that tells them why you love the home and how you can see your family growing there can really go a long way. 

Really quickly we want to thank everyone for coming out to our crawfish boil. It was a huge success and we were able to raise over $2,000 for Keep Austin Fed, so thank you for coming out! We’re having another happy hour event this month so keep an eye out for your invitation. 

If you have any questions about winning a multiple offer situation or any other real estate questions, please feel free to give us a call or send us an email. We look forward to hearing from you.