What You Need to Know About Making an Offer

You’ve narrowed down your wish list, viewed many homes, and finally found your perfect fit! Time to take the leap and make an offer!

This can be both incredibly intimidating and exponentially exciting. So, how can you throw your hat into the ring with confidence? Here’s what you need to know to make an offer like a boss!

Determine Your Price Limit. Work with your agent to determine if the seller’s listing price is fair based on similar home sales in the area, interest in the home, time on the market, etc. Next, figure out the max offer price you are willing to reach that isn’t too financially taxing and settle on what your starting offer price will be.

Add Contingencies. Any home sale generally comes with a set of contingencies that must be met before it can be completed. These can include inspections, repairs, appraisals, and more. These need to be selected carefully, as an offer with too many may be less appealing to the seller.

Set Your Settlement Date. When you submit an offer, you must present a date to settle, generally about 60 days after the purchase agreement is signed. You want to give yourself enough time to meet your end of the contingencies, secure mortgage approval, finalize loan details, and more. If you are the responsible party for a delay, you may have to compensate the seller.

Prepare For a Counteroffer. You may be going up against other offers or the seller may negotiate, so it’s best to prepare ahead of time for a counteroffer. But this isn’t anything to stress about. Talk through the best strategies with your real estate agent.

Want more information on the local market??

We can help with that! Give us a call at 704.467.8877 to get started!

Home Ownership Means Freedom

Some people think that owning a home ties you down.

In reality, owning a home provides you freedom! The freedom to paint, change the floorpan, switch out flooring, and do whatever project it is you want!

When you rent a home/condo/townhouse, most of the time you aren’t allowed to make changes; if you are allowed to make changes, you waste money since you don’t get any return on your investment.

If you’re looking for more freedom, give us a call today at 704.467.8877. Our agents are happy to help you buy your dream home, or sell your current one to get you into your ideal place!

Preparing to Spring Forward

Whether you plan on buying or selling this spring, these tips could help you ‘spring ahead’ of your competition

Another tip?? Get a Yancey Realty agent to help you! Give us a call today at 704.467.8877!

Want to Find Your Dream Home??

Yancey Realty agents can help you along the home buying or home selling process!

We understand each step, and can guide you to ensure you get the most out of your house, or find you the perfect home!

Give us a call at 704-467-8877 today to get started!