Education is a homebuyer's friend! Know your neighborhood. Know the price points. Know the competition. Know what's sold where and when for how much. Know yourself! (We can help you with collecting all this important data!)
1. Be ready. If you find a home that strikes your fancy when you drive up or walk in that front door, be ready to submit a purchase offer for the best price (close to list, list or more than list—we can advise) immediately.
2. Plan ahead. Work with a pro—like us—to get the best information on the newly (or soon-to-be) available homes. You don't want to miss out!
3. Communicate. Read through a purchase offer ahead of time to understand it. Talk with your real estate agent to get any questions answered on the process of submitting a purchase offer and negotiating through counteroffers.
4. Be flexible. If you can compromise on any terms—closing/settlement date, price, incentives (not asking for them), etc. be sure to demonstrate that. Dream homes don't come up too often, so patience can be helpful.
5. Budget. If your flexibility causes you to have to move into temporary housing (rental, hotel, etc.) be sure to plan for that expense. Calculate moving costs to hold or store your items, as well.
6. Know your limits. In the heat of back-and-forth negotiations, know what your top dollar amount to offer is and do NOT go over it. Determine that top limit before you put in an offer so you can walk away with no regrets.
7. Don't bend. There is one thing you shouldn't give up in the heat of competition: do NOT forego a professional inspection of the home. You don't want to win the house now and end up with surprises you can't afford later.