How To Put A Great Offer On A Home

Now let's talk about making a KILLER offer to get the property you want. There a few critical things you need to be aware of that you need to have ready in order to put in a strong offer. This article is going to arm you with a few critical basics that you are going to need to get the house you want before anyone else.

Most buyers that I take out to look at homes that tell me they need a home now usually don't put in an offer. Why? It's either three things: the buyer isn't serious, the buyer is scared, or the buyer has a spouse or family member that prevents it, etc.. Which one are you? You need to do to put in a competitive offer to get the property you want.




Over the years I have seen buyers that will fall in love with the house that fits their needs and they will wait to put in an offer. The next day or even as long as a week later I would get a call from the buyer asking about the house and I would have to say someone else beat them to it.

If you just started looking for a home or have been looking for awhile then LISTEN UP because you don't want all the good deals to pass you by...while you think about it!












Take this list wherever you go so you can act quickly on what you need before you find the property you really want:

1. Where Do I Want To Live?



Sounds simple huh? Believe it or not, but I have buyers that will put in an offer and their so in love with the house that they don't take into account the neighborhood. Before you put in an offer, even though the price or the home may meet your needs make sure the area does as well.




















2. When Do You Need To Move?



If you're shopping for a home then you need to know your time line for moving. If you have a specific time you need to move then you need to let the realtor know and include it in the offer. You may have a timeline if you're lease is up soon, if you have to relocate for a job, if you need to have the kids enrolled in school by a certain date, etc. Your date for moving is also important in case the seller of the home is unable to move out in time.




















3. Do You Have A Pre-Approval?



Before you go out shopping for a home or putting in offers you should have met with a mortgage broker to get prequalified first. In today's market lenders are more strict about lending money and you need to know if you meet the requirements for the type of home you want. But more importantly, you need to know how much money a lender is willing to loan you before you shop for a house. Nothing is more devastating to a buyer than finding the home they really want, only to find out later they do not qualify.




















If you have a pre-approval letter that is less than 3 months old then carry it with you to look at homes. If you haven't done this step then just go to your bank just for a pre-approval letter (don't sign any documents to commit yet) let the mortgage rep know you're just shopping around and need their terms and rates. You will need to bring a few financial documents, simply ask the mortgage broker before you visit the office.




















4. How Much Down Payment Do You Have?



This is a major question you will be asked when you put in an offer. Have your funds ready, know the amount you're willing to part with and know how you're going to get your hands on it when it's time.

5. Do You Have e A Lawyer?



If someone is on your tail to get the house you want then you need to have a lawyer waiting for the call that you have an accepted offer and a contract on it's way out. Make sure you find an experienced real estate attorney, not a part timer or someone who is a criminal attorney and does real estate once in a while. This is an important transaction and you need a lawyer that is knowledgeable and detailed when it comes to real estate law and protecting your interests.




















6. How Soon Can I Close?



You need to have a date or an approximate date in mind that you can close on the property and take ownership. Sometimes you may need to close earlier than your actual move date in order to move from another state or to do repairs or improvements on the home.




















7. Terms and Conditions



You may need your closing costs covered or a portion of it, moving terms,repairs to the home, etc. You may want the seller to do some repairs or get credit for any damage based in a inspection report. Just go through the property carefully and take notes. Discuss the terms carefully with your agent and he or she can negotiate on your behalf.








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***I found a great source that is excellent for helping you know what to be aware of during your home buying process called, the Home Buying Defense guide. This ebook that you can download right now covers everything you need to know to protect yourself and your finances and to help you make smarter buying decisions. Click here to check it out now!




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I hope this information helped you to put in a SOLID offer when you find the property you want. If you need assistance or have any questions feel free to leave comments below so I can respond or email me at: RhondaKnowsRealEstate@gmail.com

How Do You Buy A Home

Whether you're buying for the first time or not you need to know the beginning process to buy a home. By educating yourself you will ease your fears and frustration. But the main reason to know some of the major steps is so you can prepare yourself and get your documents in order.


You can take advantage of the low interest rates and some of the deals that are still lingering on the market, but time is of the essence. So take out a piece of paper to take down these steps or print out this blog article to use as a guide.


**COPY THE LINK FOR THIS ARTICLE AND SHARE IT ON YOUR FACEBOOK, TWITTER AND EMAIL IT TO YOUR FRIENDS AND FAMILY. VERY MUCH APPRECIATED!


Once you have found the home that fits your price range and needs then you need to be prepared for the following steps:


Step 1. Make An OfferOnce you have found a home you want then it's time to make an offer. An offer IS NOT A CONTRACT, it's just an offer saying that you are interested in the house, at a particular price with certain terms and conditions. The offer will keep you in line for the property just in case someone else comes along after you.


Step 2. Counter OfferA counter offer is when the seller would like you to either come up in price and or wants to change other terms and conditions. Some terms and conditions could be the seller's concession, move date, repairs, etc.


Step 3. Acceptance
Once you and the seller have come to an agreement then you will have an acceptance. Now that your offer price has been accepted with all the terms and conditions you are on your way to getting the property you want.


Step 4. ContractThis is the part that makes most buyers shake in their boots. But the fact is, you did all this work to find a home so when you get the one you want you should be excited. If you have chosen a home that fits your needs and you can afford it then you have made a great investment choice. Once you have done step 1-3 then your transaction goes into contract. Once you and the seller sign then you are in a legal and binding contract.


*Before you sign your contract your lawyer and real estate agent will suggest you have inspections to find out the condition of the property and if anything has to be renegotiated or if you still want the property at all.


Step 5. Down Payment Now don't let your lawyer have to wrestle you to the ground to get that big down payment check out of your hands. When you go to sign your contract your lawyer kindly ask you to bring your down payment. Your down payment is necessary in order for the seller to know you are serious and to take the property off the market.


**A down payment is like a lay away that you do at a retail store. You put your money down and sign a contract and the house is taken off the shelf so no one else can buy it. When you get the balance of the money (a mortgage approval for a loan) to buy the house then it's all yours. You didn't think of it like that huh?


After you have met the 5 steps you will have other inspections, searches on the property and your mortgage process will begin. There are many people involved in one transaction and in order to meet deadlines you need an aggressive and experienced real estate agent to make sure everyone does their job and solve any problems that may arise.


**Now that you know the five basic beginning steps, now you need to know all the things you need to be aware of so you can make smart emotional and financial decisions. Check out this great ebook called, "Home Buying Defense Guide", it is filled with all the things you need to know and to look out for and will save you thousands of dollars in mistakes. Check it out right now!


**COPY THE LINK FOR THIS ARTICLE AND SHARE IT ON YOUR FACEBOOK, TWITTER AND EMAIL IT TO YOUR FRIENDS AND FAMILY. VERY MUCH APPRECIATED!


I read all comments so I would love some feedback. Be nice! Visit my real estate site at: www.RhondaHolt.com

How Do I Qualify To Buy A Home

This is a question that I'm happy to answer because many buyers have no clue what it means to be qualified to buy home. Lending institutions have become more strict and buyers have to prove their financial worth. So in this article I am going to lay it out in plain simple english.

**I am begging you to share this article in with everyone you know that may be thinking or are already out looking to buy a home. I need help spreading the word so people can get educated.

If you’re a buyer it’s crucial that you understand what you need before you go out shopping for a home. A mortgage broker may tell you to improve your credit, save more money for a down payment, closing costs, or you need more income. Nothing is more disappointing than doing all that work to find a home and then you have no chance of getting it.

I meet people that put more time into researching the shoes or power tools their going to buy. They take time to search online or even walk malls to compare prices, brands, features, etc. So why should a home be any different and it's a way bigger puchase. Makes sense huh?

So below are some things you should be aware of before you believe you can purchase a home:

- Income – This means that you have to show proof of income with paystubs and a job verification letter. Please understand that even if you have money hidden under your mattress or you work off the books, the lending institutions do not care and considers that money invisible. You have provide documented proof of a paycheck or if you’re self-employed you must supply bank records and tax records.

So what is considered income? Income is an amount of money you usually receive on monthly basis. A job of course, social security, pension, retirement, alimony, child support, etc. Consult with your mortgage broker about any other types of income.

How much income you need will depend on the price of the home.

-Steady Employment – In New York, the banks want you to have at least two years of continuous employment with no gaps (there may be exceptions). So if you’re thinking of changing your job and or field you may want to wait after you have made your purchase. Consult with a mortgage broker in your area.

-Tax Forms and W2’s - Lending institutions require that you have the last two years of your tax forms and w2’s.

- Credit – Your credit requirements will depend on the type of loan you are applying for such as F.H.A, SonyMae or a conventional loan. But the higher your credit the better your interest rate will be and you increase the chances of getting your loan.

-Down Payment – Yes, the dreaded down payment that haunts all home buyers. In this market the banks and the sellers expect you to leave a down payment when you sign your contract. Your down payment will depend on the type of property, purchase price and loan requirements.

-A Great Agent – This is not a requirement, just a suggestion. But in today’s market it is highly recommended that you use an experienced agent to help you along the way. Buying a house in this market involves more details because of lender requirements. Let an agent represent you during the process and help to resolve any problems that may arise.

*I found a great source that is excellent for helping you know what to be aware of during your home buying process called, the Home Buying Defense guide. This ebook that you can download right ow covers everything you need to know to protect yourself and your finances and to help you make smarter buying decisions. Click here to check it out now!

**I am begging you to share this article in with everyone you know on Facebook and Twitter that may be thinking or are already out looking to buy a home. I need help spreading the word so people can get educated about becoming qualified.

*Did this article help you find out if you're qualified to buy a home?