Subscribe and receive email notifications of new blog posts.
RSS Feed
Be quick. "This may seem counterintuitive to being prepared, but it's important to act fast when you see a home you like, or it will go to another bidder," says Litzner. This is why it's important to get your finances in order before you even begin searching. That way, you can put an offer in right away when you find a good fit.
Don't overbid. Offering more than the home is listed for may seem like a way to get a leg up on the competition, but overbidding and exceeding the home's appraised value can decrease your chaces of a loan--and the seller (or their agent) knows that. "If you overbid, be sure you can afford the excess cost flat out," suggests Litzner.
Don't underbid. "In a bidding war, your offer needs to be just right," says Litzner. Just like the seller won't take you seriously if you overbid too much, they surely won't consider your lowball offer if they have offers from many other buyers. To find your "Goldilocks" price point, figure out the maximum you can afford, and then offer that.
Get under their emotional skin. Last year, everyone was back to writing "love letters" to the sellers of a home they were crazy about. Now, you can one-up everyone and really stand out from other offers by making a video of you and your family talking about why you love this home, and why you can see yourself in it. "Does that third bedroom look perfect for your new baby? Then get her on the camera. That basement office perfect for running your business? Talk about that," Litzner notes.
For more information on buying a home, please contact Century 21 American Homes at MLitzner@C21AmHomes.com, 1-800-270-6318, or Century 21 American Homes.
Century 21 American Homes is one of the fastest growing real estate brokerages serving Long Island, Queens and Brooklyn. To find out more about an exciting career in real estate contact us at careers@c21amhomes.com.
We respect your concerns about privacy and value the relationship that we have with you.
Like many sites, we use cookies on our website to collect information to help improve your browsing experience. The cookies that we use allow our website to work and help us to understand what information is most useful to visitors.
For the best website browsing experience, please enable cookies. Go here for instructions on how to enable cookies on your browser.
