Ignite FB Tracking PixelWhy Should You Submit a Competitive Offer on a House? - Karen Londos

Why Should You Submit a Competitive Offer on a House?

by Karen Londos 11/26/2018

If you're on the lookout for your dream house, it pays to operate as a competitive homebuyer. And if you find your ideal residence, you should not hesitate to submit a competitive offer to purchase this house.

Ultimately, there are many reasons why you should submit a competitive offer to acquire your dream house, and these include:

1. You risk alienating a seller.

Dozens of homes are available in cities and towns across the United States, yet an individual's dream house may only be available for a limited time. Therefore, when it comes to submitting an offer to acquire your dream house, it usually is a good idea to put your best foot forward. Because if you submit a "lowball" homebuying proposal, you risk receiving an instant "No" from a seller.

Although you likely want to avoid breaking your budget to purchase your ideal residence, you also should strive to avoid a lowball offer. Fortunately, an informed homebuyer can learn about the local real estate market and use this information to assess the prices of houses in a particular area. And with comprehensive housing market data in hand, this homebuyer can submit an offer to purchase that may match or exceed a seller's expectations.

2. You may lose your dream house to a rival buyer.

Once you discover your dream house, you should submit a competitive offer on it right away. If you wait too long to provide a competitive homebuying proposal, you risk losing your ideal residence to a rival buyer.

Remember, the housing market is fierce, and the top residences typically will sell quickly. But if you submit a competitive offer, you can reduce the likelihood that you'll squander the opportunity to acquire your dream house.

3. You may wind up having to spend more to acquire an alternative house.

The real estate market fluctuates constantly, and failure to submit a competitive offer on a house today may prove to be a costly mistake. In fact, if a buyer's market transforms into a seller's market, you may be forced to pay more to purchase your ideal home in the foreseeable future.

For those who are uncertain about what differentiates a competitive offer to purchase from an ordinary homebuying proposal, there is no need to stress. If you hire a real estate agent, you can get the help you need to submit a competitive homebuying proposal any time you choose.

Generally, a real estate agent will serve as an expert guide throughout the homebuying journey. This housing market professional will teach you about the real estate sector and help you narrow your home search. Then, when you discover your dream house, a real estate agent will help you put together a competitive offer to purchase. He or she will even negotiate with a seller's agent on your behalf to ensure you can get the best price on your dream residence.

Ready to simplify the process of buying a house? Collaborate with a real estate agent today, and you can receive extensive support at each stage of the homebuying journey.

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.