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Many people don't understand that price is a one-time thing and interest rates are long term. Even if a home is priced $10,000 or $15,000 more than you would like, the low interest rate will save you thousands of dollars over time. Buyers who are more flexible on price and focus on the interest rates are more successful.
As you can see, you have nothing to lose and everything to gain by submitting a strong offer. If you have any questions, give us a call or send us an email. We would be happy to help you!
It's important to submit a strong offer once you
find your dream home in Orange County. Here's why.
Sellers will take you
more seriously.
When a seller has their home on the market for a
certain price, a strong offer gets them pumped. They want to
work with you, and they're more likely to respond to your offer reasonably.
You will stand out among
the competition.
Right now, we're in a hot market. Interest rates
are extremely low and multiple offers are, likewise, common. If the average
buyer submits a low offer, you will stand out by submitting a strong
offer.
You add more value to
the money.
What does that mean? Let's say a home is listed
for $1 million and you send them an initial offer of $920,000. Then the seller
counters with $980,000, and you come up to $960,000. That's a $40,000
difference from your initial offer. That devalues your money because
the seller thinks if you can raise your offer by $40,000, why not raise it by
$50,000 or $60,000?
On the other hand, if you offer $975,000 and the seller counters with $990,000,
you can come back at $978,000. That shows the seller that you crunched
the numbers and came up with your best counter-offer, which adds value to
the money.
Rates are incredibly low
right now.
Many people don't understand that price is a one-time thing and interest rates are long term. Even if a home is priced $10,000 or $15,000 more than you would like, the low interest rate will save you thousands of dollars over time. Buyers who are more flexible on price and focus on the interest rates are more successful.
As you can see, you have nothing to lose and everything to gain by submitting a strong offer. If you have any questions, give us a call or send us an email. We would be happy to help you!
