Want more control over your next
home purchase? Here are some tips
that will boost your ability to
complete the home purchase of your
dreams.
Become a “qualified” buyer. You are
more likely to be taken seriously by
sellers if you can show you are
financially qualified to make a
purchase. Ask the real estate agent to
arrange a loan application with a
mortgage lender. Do this first, before
looking for a home. Once the lender
approves your loan, you can make
your choice with confidence.
Offer a substantial earnest money
deposit. Many buyers offer $100 or
$500 as a “deposit” when asking
sellers to consider their purchase
offer. This does not impress sellers.
Instead, offer 5% - 10% of the
purchase price as your deposit. Even
though the money remains in a trust
or escrow account, sellers consider a
larger deposit as a strong sign that
you are committed to complete the
purchase.
Keep your purchase offer as “clean”
as possible. Avoid putting too many
clauses and demands in your offer. If
you believe the property is fairly
priced, offer that amount. The seller
will take your seriously, and you are
less likely to lose the home to
another buyer.
Each of these three suggestions plays
an important role in convincing
sellers that you mean business.
Implement all three for a solid,
pleasurable home purchase.
