#homebuyertips #2021realestatemarket #floridarealestate
Buying a home in 2021 can be a challenge.
So if you're buying a home in 2021 you need to put your best foot forward and shine in order to win the bid. Buying a home in 2021 means being prepared. You need to have a recently dated loan approval letter if financing and your proof of funds if paying cash. These documents need to accompany your offer to purchase.
Use a conventional loan if possible. Sellers want to know that you are a strong buyer with good credit and most sellers will choose buyers who are using a conventional loan before selecting a buyer using an FHA or Va loan product, FHA/VA loan allow lower credit scores and lower down payment.
Your offer
You need to write a clean offer free of contingencies. The contract also needs to be free of any financial constraints. The contract should also be free of seller concessions, these are things that a buyer asks for outside of the offer price, like help with closing cost.
Have a strong down payment. Your earnest money deposit is proof that you are a good-faith buyer. If you put a larger amount down, it may show that you are a serious buyer and that your intentions are genuine.
Strong offer. This is not the market for making low offers and hoping someone will bite. You will have to make your offer strong enough to beat out a multiple-bid situation. If you want the house, you’re likely going to have to go above the asking price.
Don’t allow the thought of offering over the asking price overwhelm you. Sometimes, you only need to offer $2,000 – $3,000. Doing this will show the seller that you’re serious about buying the home, and that you want them to consider you as a potential buyer.
Consider waiving the appraisal contingency.
If your financing, you’re lender will order an appraisal. If you choose to you can give up the appraisal contingency , this basically says, your willing to pay the difference in cash if the home appraisal comes in short.
Add An Escalation Clause To Your Offer
An escalation clause means that your offer will outbid other offers up to a maximum price. This means that you make an offer saying you will pay X price for a home, but if a higher offer comes in, you will increase your offer to Y price.
And last but not least you can always write a personal cover letter.
Please feel free to drop me an email if I can help you with Florida real estate.
[email protected]
Or you can call me at 772-285-7611
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