How to get competitive with your offer (And get the house)!
Not sure if you’ve heard, but the housing market right now is hotter than a potato being thrown around by The Wiggles. Prices have gone kaboom and there’s a lot of demand and not so much supply.
This means if you’re hunting for a house to buy, you’ll need to strap on your sneakers and get competitive with your offer.
How?
Get your pre-approval in advance
If there’s a time in your life it really pays to have your ducks in a row, it’s when you’re purchasing a home.
Gaining your pre-approval before you make an offer is a surefire way to make sure you have a really good idea of exactly what you can spend. When you make an offer, you can make it with confidence knowing this box has already been checked. Taking this all important step will also help you with a more efficient pathway to a full and unconditional approval.
Build your dream team
At Lenny we firmly believe the journey to buying your home should be as enjoyable as the end destination, and nothing makes a road trip better than the passengers you bring along for the ride. Before you get to the pointy end of making offers, get your ultimate dream team together to cheer you on.
Your broker, conveyancer and building inspector are your hype crew. Together we’re here to offer you our expertise and wisdom to help you get the house on your terms. Getting these relationships in place at the start of the buying journey is a great way to build trust and get to know each other before you get to the nitty gritty.
Engage a buyers agent
Looking for the experts when it comes to buying a house? Enter, Buyers Agents. These real estate aficionados seriously know their stuff when it comes to buying homes. They can do a lot of the groundwork involved in making a smart, independent assessment of the property and how that aligns with your goals.
Utilising a buyer's agent removes some of the emotion from the purchasing process giving you a cool, calm middle man to guide you through and make sure your heart's decisions are approved by your head too.
When it comes to making competitive and smart offers on a property, you can’t go past a buyer's agent.
Interested in using a buyer's agent? We’ve got several in our Lenny Black Book who we recommend.
Get smart with your contract
Looking for something to make your offer look sharp in a sea of other offers? On a case by case basis, your broker may be able to secure your full finance approval in as little as seven days which might make the world of difference to a vendor looking for surety.
Discuss this option with your broker, and ensure you have your building and pest organised for a fast turnaround in this time frame too.
A smart, competitive offer can make a huge difference to a vendor when they have more than one offer on the table. These steps can help you stand out of the crowd, and hopefully secure the home you have your eyes on.
Get in touch with us now via dean@lennygroup.com or by calling us at 0487 688 487.