Best of Luck,
Best of luck,
Coldwell Banker Star Realty
This is a tough question as there are numerous factors involved, some you can control and some can’t.
Factors in your control:
Factors not in your control:
Motivation of the seller
Take advantage of what you can control. Hire a local area expert.
Make sure your financing is in place and write an offer based on fair market value and the knowledge of your Realtor.
Depending on the home, you may see multiple offers so don’t get frustrated if you need to write on a few homes. You’ll get the one you are meant to have.
Best of luck in your home search and feel free to contact me at anytime to discuss what I can do for you to get you into your new home.
Sean Seckar – Realtor
RE/MAX of Santa Clarita
BRE License # 1336429
There are many things to take into consideration. Location, the seller's motivation for moving, desirability of the home, if you are financing, and the agent that you are working with.
The best way to make sure that you have a strong off is to make sure that your agent has proof of funds ( a copy of a bank statement, 401k report, whatever you will be liquidating to make the down), a pre approval letter from which ever institution will be financing your mortgage, and a complete copy of the Residential Purchase Agreement.
There are many other things that could strengthen your offer depending on the seller's motivation for selling.
I know it can be a tedious task in this current market but hang in there. When you find the home that was meant for you it will be yours regardless of how many other offers there are!
I always educate my buyers to write the cleanest offers they possibly can. This will include not asking for closing costs, paying for some of the items the seller normally pays for, (Natural Hazard Disclosure, termite inspection and repair etc...) Often buyers are also removing their appraisal contingency or putting a cap on how much they will pay if the house doesn't appraise.
As you can see there are many ways to make your offer stand out from the rest!
On average I would say and this is just an estimate but 3 to 5 offers sounds right from my experience!
Hope that helps and don't give up your dream!
An intro letter and a call from your lender directly to sellers agent helps.
there are other factors, such as: 1. How many homes are on the market and how many buyers are looking?
2. Downpayment. Typically a buyer with a larger down payment will have an edge over a buyer with a lower down payment, such as FHA 3.5% down. 3. Buyers looking for homes that are in "move-in" condition will have more competiton. 4. Homes under $350,000 are more in demand, with more competition.
It is important to have a pre-approval letter from a direct lender, proof of your funds for a downpayment, and a clear strong offer. I always write a cover letter for my clients, which can often help. The key is to NOT give up and be sure you have chosen a Realtor who will keep you updated immediately on new listings. Be as available as possible to come out and look at the home.
Most Realtors work for free and you will be purchasing probably one of your largest assets ever. Interview three agents or more if you need to. I'm surprised at how many people just go with the first one they meet. Often because of my Accredited Buyer's Representative designations buyer's seek me out after being dissappointed with their first Realtor. You owe it to yourself to find the agent for the job.
That question is tricky. All other answer s are correct It all all depends, on the sellers situation. If seller's in a rush/desperate, there's a faster chance they'll accept the offer, as long as its a reasonable offer.
Good luck, feel free to call if you need assistance.
Keller Williams Realty
cell 661 713-8780
It depends on the type of properties you are putting offers in on. Inventory is very tight here in Santa Clarita, there is alot of buyer competition going on right now. You need a very strong agent who can guide you through this current real estate market.
From a sellers perspective, I have a friend who has been a broker for 40+ years who is fond of saying - "the 1st offer is typically your best offer". That doesn't mean it gets accepted right away, but sellers should be encouraged to engage in negotiations with anyone making a legitimate offer.
How much you can offer below asking price is going to be specific to the home your are offering to purchase. Your agent is going to be your best guide for what a property is worth, and where you might start your offer.