Tips for Buyers

Check Out the Video - Tips for Buyers

1. Give Yourself Plenty of Time

Allow 3-6 months after getting pre-approved for your home search.

2. Cash is King

When writing an offer, be prepared with:

A. Earnest money equal to 1% of the purchase price.

B. $350 - $500 for the inspection.

C. $500 - $1,000 extra cash for a competitive offer.

3. Understand the Current Market

Here's why extra $$ is recommended: Demand and prices are rising. The appraised value may be lower than the purchase price because appraisals are based on houses sold ~ 6 months ago. If you can make up part or all of the difference between the appraised value and the purchase price, in a competitive offer situation, you are more likely to win your dream home.

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