#1 Working with a professional agent and loan officer matters...

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A real estate agent can help you with this process tremendously. The first thing he or she should do is to connect with the listing agent and find out what's significant to the seller? Besides price, what else do they need to have inside an offer, that will be very attractive to them? Then, your loan officer plays an essential role in this as well. As soon as the offer is presented, have your loan officer call the listing agent and explain the strengths of your loan application, that you are 100% approved and all they need is a ratified contract to proceed. It is a team effort between your REALTOR® and your  loan officer after all... To convince the seller that they are working with professionals who dotted all the i's and crossed the t's. This is what it takes to make your offer  more attractive. 

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 #2 Increasing Your Earnest Money Deposit

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As part of the process when buying a home. You will need to write a check as a good faith deposit. Your offer needs to include a strong EMD deposit that tells the seller that "you've got skin in the game" A strong deposit  shows that you are a serious buyer and very focused on buying that particular home. What makes  a strong EMD Deposit? This is a question you must ask your real estate agent. The EMD deposit is generally between 1% to 5% of the offered price. There are no rules  that require an exact amount.

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#3 Offer a Leaseback. - "

Allowing  the Seller To Stay In The House For a Short Period After The Sale" A leaseback allows a buyer to rent the property back to the sellers for a short period of time, letting them stay in the home after the closing. Of course, your real estate agent will have to negotiate all the details with the seller, but if your situation allows you to wait, this is a good offer to give the seller time to move out from the house after closing, and not rush moving out...as soon as the deed of title was signed.

#4 Buy the Property AS ISWhat does it mean to you as a buyer when you offer to buy a property as is?

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 'Sold As-Is'  is when  the sellers list their homes for sale, and they don't want to do any repairs before closing. It means that the buyer accepts the property AS IS and  there are no guarantees from the seller that everything is in working condition. An offer to buy a property AS IS has had some risks, and you should consult with your real estate agent if that is a viable option for you 

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 The Bottom Line

Getting a contract accepted to buy a home is difficult right now — and this is especially hurtful to first-time home buyers. They don't have the extra income to offer higher prices in order to buy a home. We are in the middle of a buyer's market and like everything else, there will be a time when we will be inside a seller's market as well...Today, lack of inventory is putting pressure on homebuyers.But, I can assure you with the help of a good real estate agent, you will become a new homeowner in no time!

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Our commitment as your real estate professional is to help you find your dream home at the right timing for you.

It's the biggest purchase of your life, and can assure you that even small mistakes can be costly.  BEWARE, technology changes almost daily and I can help you pinpoint all the homes for sale near your location points. I have access to over 18 million properties from hundreds of locations, including Government  properties, action homes, VA homes, HUD Properties and all available private houses for sale in between.

Please call us to get started

Fernando Herboso Broker 301-246-0001