RE/MAX Premier Properties

Advice for Homebuyers: Purchase a House for the Right Price

by Debra Engel 11/24/2019

If you want to buy your dream house in the near future, you likely will need to put together a competitive offer to purchase. That way, you can boost the likelihood of receiving an immediate "Yes" from a property seller after you submit your homebuying proposal.

Ultimately, it helps to know what differentiates a competitive homebuying proposal from a lowball one. If a homebuyer understands what to offer for a residence, he or she should have no trouble purchasing the right residence at the right price.

To better understand how to acquire your dream house at the lowest-possible price, let's take a look at three tips to help you determine what to offer for a residence.

1. Study the Housing Market Closely

The housing market experiences ebbs and flows. Therefore, a real estate sector that favors homebuyers one day may favor home sellers the next. And if you fail to learn about the current state of the real estate market, you may struggle to put together a competitive offer to purchase your ideal residence.

Analyze the prices of available houses in your area, the prices of recently sold houses in your preferred cities and towns and other housing market data. With this information in hand, you can find out whether you're operating in a buyer's or seller's market. Then, you can craft an offer to purchase your dream residence that accounts for the present state of the real estate market.

2. Weigh the Pros and Cons of Your Dream Home

No house is perfect, and even your dream home may have its fair share of flaws. Fortunately, a homebuyer who assesses the pros and cons of a house may be better equipped than ever before to submit a competitive offer to purchase this residence.

If you view a house multiple times, you can learn about all aspects of this home and assess any property damage. After you obtain these home insights, you can create a competitive offer to purchase that accounts for the house's current condition.

3. Collaborate with a Real Estate Agent

When it comes to purchasing a house at a price that matches your expectations, it generally is beneficial to work with a real estate agent. This housing market professional will do everything possible to help you buy your dream home at a price that fits your budget.

A real estate agent understands the ins and outs of the real estate sector and can help you map out a successful homebuying strategy. He or she first will offer insights into available homes in your preferred cities and towns. Next, when you find your dream residence, a real estate agent will help you craft a competitive homebuying proposal. And if your offer to purchase is accepted, a real estate agent will make it easy to navigate the final steps of the homebuying journey.

Ready to streamline your quest for your ideal house? Use the aforementioned tips, and you can improve your chances of acquiring your dream home at a price that you can afford.

About the Author
Author

Debra Engel

  

Through her commitment to excellence and personal service Debra has become a highly regarded Realtor with RE/MAX. Debra is familiar with the residential resale markets throughout her area. She has the knowledge, resources, and expertise to market your home effectively, and to help you choose the right neighborhood for you and your family.

Debra believes that real estate is much more than simply buying or selling a home. To her, a key element of real estate is developing relationships and building trust with her clients. When you meet Debra you will quickly realize you have gained a true friend! She knows how to listen and always puts the needs and wants of her clients first. Debra truly enjoys working with her clients and helping them through the process of buying or selling a home.

Whether your move is up sizing or downsizing or changing cities, Debra and her staff are dedicated to listening to your needs and to serving you with honesty, integrity, and professionalism. Perhaps it is this commitment to personal service that keeps her clients coming back time after time and recommending Debra to their friends and family. 

She has completed her SRES (Senior Real Estate Specialist), CIAS (Certified Investor Agent Specialist), CDPE (Certified Distressed Property Expert) and SFR (Short Sales and Foreclosure Resource). 

Her latest accomplishment in 2018 is she joined the RE/MAX Hall of Fame of which she takes much pride in.