Once you found the perfect house, the one where you see yourself writing a chapter of your life, you will have to face a fierce competition. There are many other potential buyers and the seller will receive many offers. That’s why it’s important to make an offer that stands out from the rest.
At Stewart Viking Title in Mendota Heights, we want you to get the property you want and an attractive offer is fundamental. For this reason, we will tell you a few tips to give you a head start on the negotiations.
Getting pre approved by a lender is not mandatory, however it allows the seller to see that you are financially stable and that you are a serious bidder. Besides, you don’t want to start a process just to find out you are not creditworthy.
How Does it Works?
The bid process is different in every state, although there is a general guideline. You should ask your realtor to contact the seller’s agent to see if they are accepting offers. If so, you and your realtor should get together and create and offer strategy. Once it’s ready, it will be sent to the seller to get accepted. That’s how the negotiation starts.
Get an Inspection!
It’s very important that you hire an inspector to check the conditions of the house. Remember that there are many repairs that can break the bank, like: repairing the roof, fixing the foundation or changing the plumbing. If there are any problems, it will be up to you to deal with the repairs or walk away from the deal.
The real estate market is highly competitive; buyers and sellers will make many efforts to achieve their goals. In the end, it will be worth it when you step into your new house and start to create new memories with your family.
The home buying process is long and you may find problems on the way, and hiring legal assistance to protect your investment can’t be overstated. You will need an experienced and trustworthy team by your side, and that’s exactly what you will find at Viking Title. Think about us next time you are looking for title insurance in Mendota Heights.
To learn more about our services, please call (651) 688-2900.