Thinking of Making an Offer? 4 Tips for Success

So you’ve been searching for that perfect house to call a ‘home,’ and you finally found one! The price is right, and in such a competitive market that you want to make sure you make a good offer so that you can guarantee your dream of making this house yours comes true!

Freddie Mac covered “4 Tips for Making an Offer” in their latest Executive Perspective. Here are the 4 Tips they covered along with some additional information for your consideration:

1. Understand How Much You Can Afford

“While it’s not nearly as fun as house hunting, fully understanding your finances is critical in making an offer.”

This ‘tip’ or ‘step’ really should take place before you start your home search process.

As we’ve mentioned before, getting pre-approved is one of many steps that will show home sellers that you are serious about buying, and will allow you to make your offer with the confidence of knowing that you have already been approved for a mortgage for that amount. You will also need to know if you are prepared to make any repairs that may need to be made to the house (ex: new roof, new furnace).

2. Act Fast

“Even though there are fewer investors, the inventory of homes for sale is also low and competition for housing continues to heat up in many parts of the country.”

According to the latest Existing Home Sales Report, the inventory of homes for sale is currently at a 3.6-month supply; This is well below the 6-month supply that is needed for a ‘normal’ market. Buyer demand has continued to outpace the supply of homes for sale, causing buyers to compete with each other for their dream homes.

Make sure that as soon as you decide that you want to make an offer, you work with your agent to present it as soon as possible.

3. Make a Solid Offer

Freddie Mac offers this advice to help make your offer the strongest it can be:

“Your strongest offer will be comparable with other sales and listings in the neighborhood. A licensed real estate agent active in the neighborhoods you are considering will be instrumental in helping you put in a solid offer based on their experience and other key considerations such as recent sales of similar homes, the condition of the house and what you can afford.”

Consider ways of making your offer stand out! Many buyers write a personal letter to the seller letting them know how much they would love to be the new homeowners. Your agent will be able to help you figure out if there are any other ways your offer could stand out above the rest.

4. Be Prepared to Negotiate

“It’s likely that you’ll get at least one counteroffer from the sellers so be prepared. The two things most likely to be negotiated are the selling price and closing date. Given that, you’ll be glad you did your homework first to understand how much you can afford.

Your agent will also be key in the negotiation process, giving you guidance on the counteroffer and making sure that the agreed-to contract terms are met.”

If your offer is approved, Freddie Mac urges you to “always get an independent home inspection, so you know the true condition of the home.” If the inspection uncovers undisclosed problems or issues, you can discuss any repairs that may need to be made, with the seller, or cancel the contract.

Bottom Line 

Whether buying your first home or your fifth, having a local professional on your side who is an expert in their market is your best bet to make sure the process goes smoothly. Give me a call and we’ll make it happen – J.P. Cook – 602-320-4253.

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$499,000

3 Beds

2 Baths

1,803 SqFt

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15252 N 100th Street Scottsdale, AZ 85260

$499,000

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Welcome to this spacious and inviting 3-bedroom, 2-bathroom condo nestled in the heart of Scottsdale. Upon entry, you'll find a well-designed floor plan that seamlessly combines comfort and functionality. The living area boasts ample natural light and a cozy ambiance, perfect for relaxing or entertaining guests. The modern kitchen is a highlight, featuring sleek countertops, beautiful appliances, and plenty of cabinet space for storage. The adjacent dining area is ideal for family meals or intimate gatherings. The primary bedroom is a private retreat, complete with a walk-in closet and an en-suite bathroom featuring dual sinks and a luxurious shower. The two additional bedrooms are generously sized and offer flexibility for use as guest rooms, a home office, or a hobby sp hobby space. Step outside to one of two private balconys and enjoy a peaceful outdoor oasis, perfect for morning coffee or evening relaxation. Residents of this community enjoy access to fantastic amenities, including a refreshing pool, a tennis court, and beautifully landscaped grounds. Conveniently located, this condo is just minutes away from shopping centers, dining options, parks, and recreational activities, offering the best of Scottsdale living at your fingertips. Don't miss the opportunity to make this condo your new home. Schedule a showing today and experience its charm and comfort firsthand! All furniture currently in the condo is included in the sell!!

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5818 S 55th Glen Laveen, AZ 85339

$499,000

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Property Type Single Family Residence

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This 4 bedroom, 2 bath, 3 car garage home with a split floor plan is on a 10,000+ square foot lot in a gated community! Home also features dual pane windows, 2 inch wood blinds, ceiling fans throughout, paneled doors, and upgraded carpet. Large backyard with a covered patio and space for a pool. Just a couple of minutes from the 202 loop, you have quick and easy access to major major venues, dining, and shopping in both the east and west valley!

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3620 E Sumner Place Rimrock, AZ 86335

$499,000

3 Beds

2 Baths

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This stunning brand new 3 bedroom/2 bath home is in the pristine gated community of Beaver Creek Preserve in Rimrock AZ. Beautifully done Open floor plan with granite/quartz countertops, kitchen island, wood cabinetry and lots of storage and tile flooring. Private back Patio. Huge RV Storage! No RV? Then sky's the limit of what you can do with that space! Storage for your motorcycles, ATV's, Golf Carts! Turn it into a sports Room w/pool table, Ping-Pong, Man Cave, or add a platform for more storage, build a loft, Car lift.. really anything! Great private space between neighbor's min 20ft easements. Clubhouse offers pool tennis, Lounge area, BBQ for all you Friends and Family! Great location just off the freeway, Peaceful and Quiet! 20 min to Cottonwood, 25 min to Sedona, 1 hr to Flagstaff Lots of hiking trails, fishing and just beautiful scenery! ** Price reflects a 30K incentive reduction by using the builders preferred lender! **Come check it out! Make us an offer today and we can make it work!

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$499,000

3 Beds

3 Baths

2,139 SqFt

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$499,000

3 Beds

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1,215 SqFt

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$499,000

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An exceptional 1915 structure positioned at the end of the brick road. Exterior walls are large Tufa blocks (a limestone material mined around Douglas, AZ); roof is corrugated metal; interior floors are pine and/or Douglas Fir and Oak. Windows are original, with wavy glass. Ceilings typically 10', except 12' at main bathroom; and 16' at kitchen. Upper level has generous space and light. Sitting rooms, Kitchen, Shower no Tub in Master bath, half bath in hallway, laundry and carport. Lower level was left in its original configuration and consists of a sitting room; bathroom; bedroom; and a partial undeveloped basement. All utilities - water, electrical, waste/drainage - were replaced. Exterior stairs connect upper and lower levels. A few mins walk to downtown Bisbee.

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$499,000

5 Beds

3 Baths

2,327 SqFt

Status Active

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Property Type Single Family Residence

Price Type --

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12565 W Llano Drive Litchfield Park, AZ 85340

$499,000

3 Beds

2 Baths

2,284 SqFt

Status Active

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Property Type Single Family Residence

Price Type --

This single-story home in the desirable community of Wigwam Creek sounds like a wonderful find! Here's a closer look at the features and highlights: Wigwam Creek is a sought-after community known for its convenient location, amenities, and friendly atmosphere. The presence of a sparkling pool adds a touch of luxury and offers a refreshing escape during the warm Arizona days. With 3 bedrooms and 2 bathrooms, there's plenty of space for both residents and guests. Being on a corner lot often provides extra space, privacy, and possibly even better views. The home's fresh paint adds a clean and inviting atmosphere, making it feel move-in ready. The 3-car tandem garage offers ample space for parking vehicles, storage, or creating a workshop area. The recently updated kitchen features granite countertops, stainless steel appliances, and a large island. This is not only aesthetically pleasing but also functional for cooking and entertaining. The family room is described as very spacious, providing a comfortable and inviting area for relaxation or gatherings. The master bedroom offers a spacious retreat with both a tub and shower, double sinks, providing convenience and comfort. Living in Wigwam Creek offers residents the opportunity to enjoy a true Arizona lifestyle, whether it's lounging by the pool, hosting barbecues, or exploring the nearby amenities. Overall, this home seems to offer a blend of comfort, style, and functionality. The combination of the sparkling pool, updated kitchen, spacious living areas, and corner lot location make it an ideal choice for those seeking a relaxing and convenient Arizona lifestyle in the Wigwam Creek community.

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$499,000

3 Beds

2 Baths

1,472 SqFt

Status Active

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Property Type Single Family Residence

Price Type --

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1460 N Balboa -- Mesa, AZ 85205

$499,000

3 Beds

2 Baths

1,584 SqFt

Status Active

MLS # 6689627

Property Type Single Family Residence

Price Type --

Nestled in the sought-after community of Cooper Crest, this stunning single-level residence boasts 3 bedrooms, 2 bathrooms, and a 2-car garage. A pinnacle of modern living, this Energy Star-certified home exudes elegance with its premium North/South facing lot, ensuring privacy without rear neighbors. Step inside to discover 9-foot ceilings that elevate the sense of space. The house features tile flooring throughout, adding a touch of luxury and easy maintenance. The kitchen is a chef's delight, with upgraded cabinets, granite countertops, a gas stovetop, and a sprawling island. Adorned with a tiled backsplash and undermount sink, every detail speaks of quality craftsmanship. The primary bedroom with an ensuite bath has dual sinks, a walk-in shower with cultured marble surround, plus a walk-in closet with plenty of room for all your clothes. The two guest bedrooms each feature walk-in closets and share a spacious bathroom. French doors lead to an extended covered patio with a gas BBQ stub, perfect for outdoor entertaining. Enjoy community amenities such as a pool, soccer field, and playground. Conveniently located near shops, restaurants, and top-rated schools, with easy access to Loop 202 and US-60. Don't miss out on this opportunity to own a stunning home with a split floor plan!

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24451 E Karens Way Florence, AZ 85132

$499,000

4 Beds

2 Baths

1,685 SqFt

Status Active

MLS # 6687675

Property Type Single Family Residence

Price Type --

Welcome to this revonated home sitting on 1.28 acres! The property is fully fenced-in, surrounded by a beautiful lush landscape including 54 fruit trees! Entering the home you will be welcomed by a spacious floorplan with vaulted ceilings. Additional upgrades to the home include all new paint, new kitchen cabinets, sink, new faucets, and new granite countertops. Both full bathrooms have double vanities, new shower heads, and faucets. New beautiful floor tile throughout the house. 5 new windows (south side of the house) by Andersen Renewal. Enjoy coffee on the front porch in the mornings and entertain your guests in the evening by the firepit! Plenty of Storage and workshop space! This property has a 9ft by 9ft metal shed, an 8ft by 8ft barn, and a detachable metal garage built by Absolute Steel. 24ft wide by 35ft long by 15.5ft high. and offers a 12ft by 12ft roll-up door, pedestrian door, and 2 windows insulated, with electricity 110/220. An irrigation system is in place to water the garden. The attached garage has an AC split unit and is fully finished with 2 windows. and can be easily converted to additional living space adding approximately 400 sqft.

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