If you’re a homebuyer, here are five things you should NOT do in order to get your offer accepted!
Hi, I’m Tanja Odzak, eXp Realty, I help people sell and buy homes right here in the East Bay!
With the housing market heating up, buying a home can be stressful with more buyers competing for properties. That is why it is so important to not develop these bad habits when writing an offer.
Not Knowing What the Seller Wants. In competitive markets where homes can have multiple offers, it is important to know what the seller wants before submitting an offer. Besides price there are many other factors a seller considers when looking at offers. It is important to have a good agent on your side that will find out what terms are ideal for the seller, that also hopefully work for you too. Maybe a seller would like a rent back to have more time to move or maybe they need a fast close to get into a replacement home. The more you can sweeten the offer by making it less stressful on the seller, the more likely your offer will be considered.
Be sure not to also Second Guess Yourself. As a buyer, it’s so easy to second guess yourself and start to feel anxious about your purchase. Make sure you have a checklist of your wants and needs, and a good understanding of your financial situation. Being indecisive as a buyer could cost you the home if you wait too long to make decisions or commitments.
Be careful not to Stay with an Agent Who is not a Good Fit. Always work with an agent who will have your best interests in negotiations and the closing of the transaction. A good agent should fully understand all of your needs, be a good listener and communicator nad respond to all of your questions. After all, they are going to be negotiating on your behalf on one of the biggest purchases of your lifetime.
Don’t Ask for Too Much. We have all heard the saying “they asked for everything but the kitchen sink”. Well, asking a seller for too much can come across as demanding and disrespectful. It is always best to be courteous and reasonable during this part of negotiations that benefit both sides. So maybe that sewer lateral compliance might need to be taken on by you as the buyer, in order for your offer to be accepted.
Waiving Inspections. In a competitive market, waiving contingencies to gain a competitive edge over other buyers is very common. In fact, here in the East Bay, it’s become almost normal. It’s definitely appealing to a seller, but it is a decision that is judiciously made on a house-by-house basis. It is very important to a buyer to know of any potential and expensive problems. Unlike other areas, most East Bay sellers do inspections before going on the market and offer them to potential buyers upfront, prior to accepting offers. This is great because it can help you determine whether you want to move on a house or pass at the get go. This is why you need an agent who understands old homes and condition VERY WELL. You don’t want to waive inspections on a house with incomplete or poor inspections as this could cost you thousands of dollars down the road.
If you’re a buyer and would like to talk more about this, Call me today and let’s talk about it. I’m a seasoned East Bay expert with a 5-Star rating. I’ll help you navigate the market and make it happen, whether that’s selling or buying or both!
And if you or someone you know needs to sell a home, ask me about my home selling plans.. I took the pain out of negotiating with a Realtor and made it SUPER simple. Really! Choose Silver, Gold, or Platinum- Pick your Plan and Pick your Price. Terms do apply. I’m Tanja and I sell homes. Let’s get you going, Call me today!
I’m a Top Producing Realtor® in the OAKLAND / BERKELEY / EAST BAY AREA. I’ve been in the San Francisco East Bay Area since I came up to do my undergrad at UC Berkeley (a long time ago!), with a short stint at UC Davis while getting my Master’s. I take my duties as a Realtor® and Fiduciary very seriously, I enjoy educating my sellers and buyers along the way. Putting People, Before Profit.
Why not check out one of my no-obligation, online, On-Demand, virtual Real Estate Seminars?
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