Ignite FB Tracking PixelHow Long Does It Take to Prepare an Offer to Purchase a Home? - Linda Aiken
How Long Does It Take to Prepare an Offer to Purchase a Home?

by Linda Aiken 01/06/2019

If you find your dream house, you likely want to submit an offer to purchase this residence as soon as possible. That way, you can avoid the danger of losing your ideal residence to a rival homebuyer.

Although you may strive to quickly submit an offer to purchase your dream residence, it is important to allocate sufficient time to craft a competitive homebuying proposal. Ultimately, there are many reasons to be diligent as you prepare an offer to purchase, and these include:

1. You can avoid the risk of overpaying to acquire your dream house.

You want to buy your dream house, but at the same time, you don't want to pay too much for it. Fortunately, if you allocate time and resources to learn about a home's condition and the current state of the real estate market, you may be better equipped than ever before to submit a competitive offer to purchase.

Analyze a house's condition closely as you put together a property buying proposal. It often is beneficial to consider any potential home improvement projects as well.

Also, take a look at the prices of comparable houses in the same city or town as your dream residence. With this housing market data in hand, you can establish a price range for homes that are similar to your dream residence. Then, you can submit an offer to purchase that accounts for the present state of the housing market.

2. You can submit an offer to purchase that falls in line with a seller's expectations.

It usually is beneficial to consider the seller's perspective as you put together an offer to purchase. By doing so, you can craft a homebuying proposal that falls in line with a seller's expectations.

If you think about the seller's perspective, you may be able to avoid submitting a "lowball" offer to purchase. Because if you understand how a seller may perceive your homebuying proposal, you can submit a competitive offer to purchase that likely will make a positive impression on him or her.

3. You can increase the likelihood of receiving an instant "Yes" from a seller.

With a competitive offer to purchase, a seller may respond with an instant "Yes." As a result, if you craft a competitive homebuying proposal, you may be able to move forward with a home purchase and quickly acquire your dream residence.

As you navigate the real estate market and prepare an offer to purchase your dream house, you may want to work with a real estate agent. This housing market professional can offer honest, unbiased recommendations about how much you should offer to pay for a residence. And if your homebuying proposal is accepted, a real estate agent will help you finalize your house purchase too.

Ready to make your homeownership dream come true? Collaborate with a real estate agent, and you can get the help you need to find your dream home and submit a competitive offer to purchase this residence.

About the Author

Author
Linda Aiken
Florida Executive Realty delivers a true one-stop-shopping opportunity for homebuyers and sellers. These services include the professional coordination of the home search, property marketing, negotiation of purchase or sale, and details of closing. With a commitment to providing each customer with a full service real estate experience, I will work with you throughout the entire home search and negotiation process, and assist in finalizing the details. My Services and Areas of Expertise Include: I have been a property owner in South Tampa for more than 20 years. In addition to the family home I have a number of rental properties and am experienced in working with investors to determine which properties would make ideal rentals. For many years as a military spouse, I moved across the country and the ocean. This has provided me with the insight to assist persons moving from near and far, whether they are military or civillian. I am a trained real estate professional with expert skills at marketing, presentation, negotiation and sales. I will work with you to ensure that your property is sold for the highest price possible in the shortest amount of time with the least amount of inconvenience to you.