Gaining An Advantage As A Buyer

Gaining An Advantage As A Buyer

Right now the Phoenix market for Single Family Homes under $200k is very competitive. How does an eager buyer in that price-point gain an advantage over the other offers that are bound to come in for the home that meets all their needs?

1. Get Pre-Approved for a Home Loan. This takes a little longer than beingPre-Qualified, but is well worth your time. Having all your documentation turned in and reviewed by the Underwriter PRIOR TO shopping for homes will put the seller at ease that you are a well-qualified home buyer. Having this done ahead of time makes the escrow process much more smooth and reduces the possibility of "surprises."

2. Reduce Contingencies.The AAR Purchase Contract already has several contingencies written in to protect the Buyer. Resist the urge to write in additional language that provides numerous escape routes and otherwise complicate the process.

3. Write a "Clean" Offer. Be willing to pay for your own closing costs, appraisal, and inspections instead of asking the seller to cover those items for you.  If the Seller sees Dollar Bills flying out her hands while reviewing your offer, she may be hesitate to do business with you. The fewer calculation the seller needs to make while reviewing your offer, the more likely you will get your offer accepted.

Click on the Little Red House to the right to see homes in Mesa up to $200k.  The Rodgers Team is happy to partner with you in all your real estate needs.  Call anytime, 480-420-6657.

Author: Sharon Rodgers
Phone: 480-420-6657
Dated: June 26th 2015
Views: 236
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