Ignite FB Tracking PixelHow Much Time Do You Need to Craft an Offer to Purchase a House? - Karen Londos

How Much Time Do You Need to Craft an Offer to Purchase a House?

by Karen Londos 11/12/2018

Creating an offer to purchase a home may require several minutes, hours or days – it all depends on the buyer. Fortunately, there are many things you can do to accelerate the process of putting together a homebuying proposal that will get a seller's attention. These include:

1. Study the Housing Market Closely

When it comes to preparing an offer to purchase a house, there is no need to leave anything to chance. If you analyze the real estate market closely, you can gain the housing sector insights you need to craft a competitive homebuying proposal.

Take a look at the prices of recently sold houses in your area, along with how long these residences were available before they sold. With this information in hand, you can determine whether the current housing market favors buyers or sellers and craft your offer to purchase accordingly.

Analyze a house's age and condition as well. By doing so, you can account for the state of a house as you put together an offer to purchase.

2. Maintain Flexibility

Although you may be in a hurry to acquire your dream residence, a seller may need time to find a new place to live. As such, you should maintain flexibility as you craft your offer to purchase and be ready to accommodate a seller's requests.

Ultimately, it is important for a home sale agreement to meet the needs of both a buyer and seller. If you consider the seller's perspective as you create an offer to purchase, you may be better equipped than ever before to craft a homebuying proposal that works well for both you and a seller.

3. Collaborate with a Real Estate Agent

Let's face it – creating an offer to purchase a house can be challenging, particularly for a buyer who is putting together a homebuying proposal for the first time. Lucky for you, real estate agents are available nationwide who can help you craft a competitive offer to purchase in no time at all.

A real estate agent is happy to provide you with homebuying insights you may struggle to obtain elsewhere. He or she can offer recommendations and suggestions as you prepare a homebuying proposal. Plus, a real estate agent can help you submit an offer to purchase and negotiate with a seller's agent on your behalf.

Let's not forget about the support a real estate agent provides after you submit an offer to purchase, either. If your homebuying proposal is approved, a real estate agent will help you finalize your house purchase. Or, if your offer to purchase is rejected, a real estate agent will help you reenter the housing market so you can discover your dream house. In the event a seller counters your offer to purchase, a real estate agent can help you determine the best course of action, too.

Ready to submit an offer to purchase your ideal residence? Use the aforementioned tips, and you should have no trouble submitting a competitive homebuying proposal and acquiring your dream house.

About the Author

Author
Karen Londos

My goal is to make each individual have a positive experience and feel my genuine desire to assist them in finding the perfect home! Each person is as important as the next to me and whether they are looking for a temporary rental or a forever home, I am going to give them 100%!

A little about me. I was born in Pittsburgh, Pennsylvania and relocated to South Florida where I graduated in the top of my High School class and attended college on a full academic scholarship, studying Engineering and Mathematical Sciences. I worked my way through college and realized I was less interested in the technicalities of Engineering and more intrigued with the internal infrastructure of businesses. 

So I shifted gears and began focusing my efforts on learning all the parts to a business and what it takes for the business to run like a well-oiled machine. With a heavy background in financials and Human Resources I worked my way into upper management and then in 2007 established K-LO Enterprises, Inc, a Business Consulting Service specializing in gap analysis, documentation and processes. 

It is in this capacity that I joined RE/MAX Absolute Service Team in 2014 and began learning all there is to know about Real Estate. In 2017 I became licensed in Real Estate, representing the differently abled community of South Florida. 

I am deaf. I was born with a degenerative hearing loss and have relied on lip reading for the better part of my life. Navigating through the hearing world, I never shied away from a challenge, believing there is nothing I cannot do. 

I embrace each opportunity as an adventure. I have my own business and have established a non-profit and is a strong advocate for Canine Companions for Independence where I partner with my Hearing Dog Ninja. 

I am that my strong business background, integrity and desire to be of service to others would lead me. I embarked on a new career with RE/MAX Absolute Service Team, under the leadership of Broker Nicole Grammer.