These three things will increase your chance of buying a home successfully.

If you’re a homebuyer in today’s market, you probably know how fierce the competition is. Today I want to offer three tips to help you be more competitive in today’s market:

1. Financing. This isn’t the most exciting thing to hear, but it’s the truth. Financing is critical to showing the seller you have your ducks in a row and are ready to pull the trigger immediately. If you have your financing set up by the time you make an offer, we’re able to trim up terms that will make it easier for the seller to pick you. They know it will close relatively quickly if you’re properly prepared.

“You need to be able to tweak your offer to suit the seller’s needs.”

2. Pre-approval limit. Let’s say that you’re looking at a max pre-approval amount of $600,000. Due to the competitive nature of this market, home prices are being driven up far beyond their list prices. You should really keep your price range between $540,000 and $550,000 to give yourself some leeway to be competitive in a multiple-offer situation.

3. Find out what the seller’s needs are. If a seller is wanting an as-is offer, submit an as-is offer. Sometimes, the bottom line is that the seller wants the highest price possible. You need to be able to tweak your offer to suit their needs.

If you have any questions about buying a home or anything else related to real estate, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.