Buyers who arrange their financing 1st have a distinct advantage in today’s market. This means finding a lender before you start shopping for a home to ensure you know all the costs involved. Multiple offer situations are common, therefore an offer accompanied by your pre-approval letter makes for a more presentable and attractive offer in the seller’s eyes.
Your Covenant Agent will provide you with valuable market data that will allow you to determine the best “offer price”.
The offer price is a crucial element in the offer. It should be based on comparable sales and the property’s current market value. Consider factors such as the condition of the property, any necessary repairs or renovations, and the overall demand for homes in the area. Striking the right balance between a competitive offer and your budget is important.
Contingencies are conditions that must be met for the offer to proceed. Common contingencies include financing, home inspection, appraisal, and the sale of your current home. Evaluate which contingencies are necessary to protect your interests, but keep in mind that too many contingencies may weaken your offer. The terms of your offer and things such as good faith deposit, seller paid closing costs, closing timeframe, etc. Discuss with your real estate agent to determine the most appropriate terms and conditions for your situation.
Your Covenant agent is skilled at guiding you through an ever-changing market. They will assist you with an offer strategy that provides you the best opportunity for securing the home of your choice.
Our team members are skilled at crafting a winning offer for you!
A home inspection holds significant importance in the process of buying a home. It provides a comprehensive evaluation of the property’s condition and helps uncover potential issues that may not be immediately apparent. A professional home inspector examines various aspects, including the structural integrity, electrical and plumbing systems, HVAC, roofing, and more.
The inspection report serves as a valuable tool for you to make an informed decisions and negotiate repairs or adjustments to the purchase price. By identifying any hidden problems, safety concerns, or necessary repairs, a home inspection can help you understand the true value of the property and avoid costly surprises in the future.
Ultimately, a thorough home inspection offers peace of mind and ensures that the home purchase is a well-informed investment.
The biggest investment you will make in your life will likely be purchasing a home. The best possible buying experience starts here with a Covenant Agent.I'm Ready to Buy