Even with a great realtor in Flower Mound, TX advising you, it’s easy to get so excited about finding the perfect home, that you don’t stop to think before you make an offer. This is especially true if the seller or the seller’s agent tells you that there have already been offers made on the home and that the clock is ticking. The home you want in the Flower Mound area can be yours but you there are some steps you have to take before you put pen to paper to make an official offer.
1. Get your financing in order. Your realtor in Flower Mound, TX will likely advise you that securing financing before you even look for a house is the most important step to take. That way, you know how much you can spend so that any offer you make will be a manageable one for you.
2. Find out how long the home has been on the market. The longer it’s been on the market, the more likely the seller is to accept a low bid. If it’s just been listed, the seller will probably want to wait for a bid that meets or exceeds the asking price.
3. Check out the comparables. Find other homes that have sold recently that are comparable to the one you’re interested in – size, number of bedrooms, condition and neighborhood. The offer you make should probably be close to the price paid for comparable homes.
4. Research the market. If you’re working with a realtor in Flower Mound, TX, they can tell you if the housing market currently favors buyers or sellers. If the market favors buyers, then there will be lot of houses available and sellers will have a harder time selling theirs, which means they’ll likely accept a lower offer.
5. Explore the neighborhood. You may fall in love with a house but you also have to live in the neighborhood it’s in. Make sure it’s a place you can be happy in for at least a few years. And while you’re checking out the neighbors, schools, parks, etc., take a drive to work from your future home to see how long the commute is at rush hour.
6. Thoroughly inspect the home. Your realtor may be able to help you with this or you may also want to bring along a friend or relative with some experience in home repairs to check the inside and outside of the home for defects and repairs that will have to be made. Enough fixable problems can mean that you should offer less money than the asking price so that you’ll have money left for repairs.
It’s easy to fall in love with a home but it’s important to keep a cool head when it’s time to make an offer on it. Overlooking problems or offering too much money may mean that you’ll regret buying the home sooner rather than later. When you work with a realtor in Flower Mound, TX like Sean May, he can guide you and advise you when it comes time to buy your dream home. Call Sean May at 972-457-3002 to get started with your home search. And visit www.newflowermoundhomes.com to search listings for homes in the Flower Mound area.
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