The Art of the Purchase Offer on a Livermore Home

home purchase offerWe have some wonderful Livermore homes for sale that have just come on the market! Just in time for the springtime home buyers who are exploring the California real estate market.

There’s only one problem: we still have more buyers than homes for sale, especially in the entry-level price ranges.

Home buyer competition is a fact of the current market, and analysts expect that the California market will remain competitive for the balance of the year. In order for you to successfully buy a home, you will need to be fully prepared with your mortgage financing, and you will need to understand the art of the purchase offer.

I call it an “art” because two offers that are materially the same can be viewed differently by the seller, depending on the professionalism and tone of the offer. Here are some suggestions to help you get your offer on top of the stack!

1. Give prompt, courteous feedback after viewing the home. I will pass this on to the selling agent, and this will begin a rapport with the seller. However, if you intend to make an offer and the market is moving fast, don’t wait too long – compliments won’t hold the home.

2. Make sure to have a mortgage approval letter in hand. This certifies that your loan application has been processed, your income and credit verified, and your mortgage underwriting approved. A copy can be submitted with your purchase offer to prove you are qualified and ready to buy.

Note: the home will still need to meet appraisal guidelines, but in our current market, this isn’t quite the worry it used to be.

3. Your contingencies should be few. An offer that has too much red tape will be tossed out. Protect yourself, but make it easy for the seller to say “yes” to your offer.

4. Make your best offer first. In a competitive market, you may not get a “second round” of negotiation. Multiple offers have become more common – don’t assume you have the only deal on the table.

5. Work with an experienced real estate professional who will make sure your offer is complete and clear, and well-presented.

Naturally, before you make an offer, you’ll want to be familiar with the recent sales activity and price trends. I will share the latest home sale details for the neighborhoods that interest you, so you can be fully informed about market conditions. In the meantime, my website contains recent statistics to help you get started!

Let me help you find the ideal home for your needs and budget! Please feel welcome to contact me for the latest home sale details in Livermore, Pleasanton or Dublin. I will provide you with expert guidance for success!

John Kurtzer
Your Livermore Real Estate Expert
RE/MAX AccordLivermore Real Estate
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