Creating the Perfect Reno Home Offer
With more and more people moving into the Reno area, competition among buyers is fierce. January 2018’s total sales rose 10% from the previous year. When you find your perfect Reno home, you need to create a Reno home offer that impresses the seller. This is where you’ll rely on the expertise of your Reno REALTOR@.
How to Create a Reno Home Offer
Do Your Homework
A little research into the local market always helps. Your agent can run “comps” for the area (comparing recent sales with the house you’re interested in). This shows the list price as well as the actual sale price. Only look at recently sold homes in your specific area that are similar in size and amenities for a more realistic picture of current market value. Then, you and your agent know how much would be considered a fair Reno home offer. Also, ask your REALTOR@ to find out if the seller is currently considering other offers as well. If so, you might want to bring your strongest offer to the table first.
While not a requirement, adding your pre-approval letter to your Reno home offer shows the seller how serious you are about the house. It verifies your financial ability to purchase the home as well as demonstrates how proactive you have been in the home buying process. They don’t have to worry about whether or not a bank will approve your loan since it’s already been taken care of. In turn, that could make you more attractive than another buyer who offers slightly more but still needs funding first.
Ditch the Lowball
In a highly competitive market, lowball offers only insult the seller. They know that another buyer is waiting eagerly in the wings to pounce. Again, discuss a reasonable Reno home offer with your REALTOR@. We all are looking for a deal. But you don’t want to lose the sale of your dream home over a few measly bucks or a couple of easy concessions.
Get Everything in Writing
Finally, put it in writing. Whatever you want included in the sale, write it down. Want the roof repaired? Get it in writing. Need 60 days to close? Put it in writing. Any kinds of concessions or financial responsibilities required to complete this home sale should all be written down. A handshake agreement may feel more civilized, but, unless you have it in writing, you won’t have a leg to stand on if something goes wrong.
When you’re ready to start your search for a Reno home, give me a call. I’ll help narrow down your search to only those that fit your criteria. Then, I’ll arrange tours of each property. Once we find the one you like, I’ll help you craft a great Reno home offer and negotiate terms we can agree on. I’m happy to help you through the entire transaction, from determining your wants and needs to handing you the key to your new home. I’m here for you through it all!