{"id":11553,"date":"2017-05-11T12:02:29","date_gmt":"2017-05-11T12:02:29","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=11553"},"modified":"2017-05-11T12:02:30","modified_gmt":"2017-05-11T12:02:30","slug":"making-offer-5-mistakes-avoid","status":"publish","type":"post","link":"http:\/\/www.anthonydidonato.net\/wordpress\/making-offer-5-mistakes-avoid\/","title":{"rendered":"Making an Offer: 5 Mistakes to Avoid"},"content":{"rendered":"

Making an Offer: 5 Mistakes to Avoid<\/h2>\n
\"Making<\/a>

Making an Offer: 5 Mistakes to Avoid<\/p><\/div>\n

In competitive housing markets across the country, making an offer that sticks\u00a0has become increasingly difficult. Ensure your client doesn\u2019t make the process even tougher by succumbing to one of these common mistakes.<\/p>\n

Delaying<\/strong><\/p>\n

\u201cTime kills deals,\u201d says Andrew Sandholm of BOND New York Properties in New York. \u201cDragging your feet means you could wind up paying more in a bidding war situation or missing out on the property altogether.\u201d Buyers need to be ready with their paperwork, such as bank statements, a preapproval letter, and documents supporting proof of funds, from the day they begin house-hunting mode. That way they can pounce quickly with an offer when they do find a home they like.<\/p>\n

Making an offer for their preapproved amount<\/strong><\/p>\n

Smart buyers are getting preapproved to show a seller they\u2019re financially able to purchase a home. However, Chuck Silverston, principal at Unlimited Sotheby\u2019s International Realty in Brookline, Mass., warns buyers against using that document to come up with an offer amount.<\/p>\n

\u201cMany buyers come in with a preapproval for the exact offer price, but when you\u2019re competing against other offers, including cash offers, you want to show financial strength,\u201d Silverston says. \u201cAn exact preapproval could make a listing agent nervous because not only does the buyer not have any wiggle room to negotiate, but they might no longer qualify if interest rates rise.\u201d<\/p>\n

Submitting a lowball offer<\/strong><\/p>\n

Lowballing a seller often backfires, particularly in a seller\u2019s market. \u201cA lowball offer that isn’t backed up with math or comparable sales data is disrespectful and could turn off the seller and possibly mean you will miss out on the property completely,\u201d\u00a0Sandholm\u00a0says.<\/p>\n

Waiving inspection contingencies<\/strong><\/p>\n

\u201cI don’t care whether it\u2019s new construction or even your mom\u2019s house you\u2019re buying from her \u2013 get it inspected,\u201d urges Joshua Jarvis of Jarvis Team Realty in Duluth, Ga. Further, if you waive the inspection contingency in your offer, you may lose the earnest money if you later back out of the deal.<\/p>\n

Not presenting yourself well enough<\/strong><\/p>\n

In a seller\u2019s market, buyers need\u00a0to take steps to make sure they look good in the eyes of the seller. \u201cIn today\u2019s highly competitive environment, the listing agent is trying to determine which buyer will be the easiest to deal with,\u201d Silverston says. Buyers may want to avoid pointing out every defect, making\u00a0nitpicky queries, or questioning the seller\u2019s tastes.<\/p>\n

\u201cBasically buyers who act less than enthusiastic will see themselves at\u00a0a competitive disadvantage when sellers are comparing multiple offers,\u201d he says.<\/p>\n

Source: \u201cIn It to Win It: Land Your Dream Home By Avoiding These 7 Mistakes on Your Offer,\u201d realtor.com\u00ae (May 10, 2017)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Making an Offer: 5 Mistakes to Avoid In competitive housing markets across the country, making an offer that sticks\u00a0has become increasingly difficult. Ensure your client doesn\u2019t make the process even tougher by succumbing to one of these common mistakes. Delaying \u201cTime kills deals,\u201d says Andrew Sandholm of BOND New York Properties in New York. \u201cDragging … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-11553","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nMaking an Offer: 5 Mistakes to Avoid - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/making-offer-5-mistakes-avoid\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/making-offer-5-mistakes-avoid\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/making-offer-5-mistakes-avoid\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Making an Offer: 5 Mistakes to Avoid\",\"datePublished\":\"2017-05-11T12:02:29+00:00\",\"dateModified\":\"2017-05-11T12:02:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/making-offer-5-mistakes-avoid\\\/\"},\"wordCount\":475,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/making-offer-5-mistakes-avoid\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2017\\\/05\\\/05112017.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/making-offer-5-mistakes-avoid\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/making-offer-5-mistakes-avoid\\\/\",\"name\":\"Making an Offer: 5 Mistakes to Avoid - 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