Home Buying in Long Beach>Question Details

marcoslbc,  in Long Beach, CA

best way to get a home

Asked by marcoslbc, Long Beach, CA Tue Apr 23, 2013

whats the best way to bid and winn the home or any skilled way for succes and how do i know if realtor is doing his best i am first time buyer thx

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You pose a very good question. Before you enlist the services of a Realtor, talk with them. Ask questions concerning how they propose to search for your home, what tactics they can utilize to help get your offer accepted, and they should be able to tell you what you must do to strengthen your offer (yep, the Realtor can do so much, but much lies with the buyer).

Conduct this interview with at least 3 Realtors, allowing an hour with each person. At the end of that time period, you should have a good feel with whom you should place your trust.

Jerome Hodge
First Team Real Estate
DRE# 01866533
Cell # 562.413.6068
0 votes Thank Flag Link Fri Apr 26, 2013

Best thing to do is find a realtor you trust.

The current market favors sellers. Buyers, especially first time buyers need to be very patient and informed about the current market climate.

Remember your agent does not earn one cent until you close an escrow. This is great business, but it can be brutal. Agents work countless hours trying to locate properties and write offers.

The way you know if your agent is working hard for you is communication. Agents do not like to deliver bad news, but if your agent is hard at work for you he/she will keep you informed every step of the way. If an offer is rejected do not hold you agent at fault.

They may even need you to encourage them. Tell them you know how hard they are working, and you appreciate their efforts.

Hang in there, you will find a home. It may end up being in a town you never thought you would consider, but it is out there.

I wish you and your agent nothing but the very best.

Kawain Payne, Realtor
0 votes Thank Flag Link Thu Apr 25, 2013
If you do not feel your Realtor is doing their best, but do feel that others in your life are giving you their best then that Realtor may not be giving you their best. BUT if you feel that others in your life are not also giving you their best then it may not be the Realtor.

To bid and "win," full price without contingencies will take care of this hurdle.
0 votes Thank Flag Link Wed Apr 24, 2013
Shannon and I have been in business for a long time. In the good times and bad times so we have experience to share with our clients that is priceless. All of her points are excellent. So choosing the experienced agent is as important as writing the best offer in order to get your offer presented. The relationships we have built with other Realtors does help get our offers selected when everything else (terms and cojndition) are the same.

It is not an easy time for the first time buyer but we have gotten our offers selected. So it is possible,

Barbara Robbins-Olexa, Broker,e=Pro(R), SRES(R)
DRE LIc#797560
Servicing Long Beach & Neighboring Communities for 34+ years
0 votes Thank Flag Link Wed Apr 24, 2013
The first thing to be aware of is that inventory is down by about 70 percent in Long Beach right now compared to this time last year, which means that most homes are selling with multiple offers. So regardless of what you do, it may take you more than one try to get an offer accepted. But there are some things you can do to help increase the chances that yours is the offer the sellers accept.

1. Put your best put forward. Offer the most you are comfortable offering, based on your budget and comparable sales. Don't assume that the sellers will come back and ask you for your "highest and best" offer, giving you an opportunity to increase your number. Sometimes they will just go with one of the offers they receive. If you would be disappointed if another buyer offered $5K or $10K and got the house, then you might want to offer more.

2. Make sure that your offer package includes all the supporting documentation -- proof of funds for the down payment and closing costs; pre-approval letter (preferably from a local direct lender); copy of an earnest money deposit check if the listing agent has asked for that. Additionally, sometimes listing agents will ask for FICO scores or DU underwriting approval. If so, include that too.

3. Consider including a letter to the seller, telling then a little about yourselves and why you like and want to purchase their home. Sometimes this letter can be what makes the difference.

4. Act quickly. Make sure you're working with an experienced Realtor who has connections and relationships with other area Realtors. This isn't the market to work with someone who only sells real estate part time or who's located outside the area in which you want to buy.

Good luck!
Web Reference: http://www.ShoiwMeHome.com
0 votes Thank Flag Link Wed Apr 24, 2013
Web reference should be http://www.ShowMeHome.com.... pre-coffee typing. Oops.
Flag Wed Apr 24, 2013
The best way to be the winning bidder in a bidding war on a property is to have the highest offer with the best terms. The type of loan matters - all cash is best obviously, but the amount of your deposit matters too and the type of loan might make a huge difference. The more deposit the better in terms of what a seller is looking for. The terms - how long will escrow take? Will there be any concern that your loan will find? Will you ask for closing cost assistance or repairs from seller? Is there an appraisal contingency? Is your loan contingent on a pest inspection and repairs? All of these items are considered by the seller and most are looking for the quickest and easiest escrow with the highest net to the seller. Keep all of these things in mind when you make your offer and it'll make sense how to write up the bet offer.
0 votes Thank Flag Link Tue Apr 23, 2013
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