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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Sort by: Select Price, Low to High Price, High to Low Newer Listings First Older Listings First Open House Date

20825 W Hubbell Street Buckeye, AZ 85396

$499,000

5 Beds

3 Baths

2,327 SqFt

Status Active

MLS # 6681621

Property Type Single Family Residence

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Better than new home in Verrado with 5bed/3 bath for under $500K. 12 X 24'' tile throughout most of the downstairs with a full bedroom and bath on the main level.Beautifully upgraded kitchen with quartz counters, herringbone tiled backsplash and stainless steel appliances w/gas range. Plantation shutters throughout the home. Large loft with four bedrooms and two baths upstairs. Enjoy all the amenities that the master planned community of Verrado has to offer with convenient access to restaurants, freeway, shopping/Costco and the new Verrado Marketplace coming next year!

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4083 Prairie Schooner Road Wickenburg, AZ 85390

$499,000

2 Beds

2 Baths

1,416 SqFt

Status Active

MLS # 6701529

Property Type Townhouse

Price Type --

This captivating Wickenburg Ranch townhome boasts a modern aesthetic adorned in soothing neutral hues, creating an ambiance of contemporary sophistication. As you step inside, be prepared to be enchanted by an abundance of natural light flooding through the numerous windows. The seamless integration of indoor and outdoor spaces invites the breathtaking beauty of the surrounding landscape to become a part of your everyday living experience. Situated on a coveted corner lot, this residence offers unparalleled vistas of the majestic Vulture Peak, serving as a constant reminder of the tranquility and serenity that defines life in this exclusive enclave. Whether you're enjoying a morning coffee on the patio or entertaining guests in the spacious living area, the panoramic views will undoubtedly leave you in awe. Designed for those who appreciate both luxury and convenience, this home promises a low-maintenance lifestyle, allowing you to spend less time on upkeep and more time indulging in the myriad of amenities that Wickenburg Ranch has to offer. With golf enthusiasts in mind, this property serves as the perfect sanctuary for those seeking to elevate their game on the pristine greens just moments away. Welcome home to Wickenburg Ranch, where unparalleled beauty and unparalleled luxury converge to create an unparalleled living experience.

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1510 W Mission Drive Chandler, AZ 85224

$499,000

3 Beds

2 Baths

1,472 SqFt

Status Active

MLS # 6684075

Property Type Single Family Residence

Price Type --

Welcome to this unique Chandler home in an HOA-free neighborhood. Enjoy vaulted ceilings, natural light, and solid hardwood flooring. The master bathroom was custom built with solid Teakwood cabinets, new countertop & new shower flooring. The wood accents T/O this home are complimented by the mature Mesquite, Sweet Acacia, and Olive trees, which has a 10 x 12 treehouse built 10 feet off the ground. The laundry room offers extensive storage. Two 30 gallon Britta soft water filtration tanks. New S/S appliances throughout the home. Covered hot tub for relaxation. Breezeway garage leads to patios. Alley access with dumpsters. Amazing 2 way view fish tank between master and great room. Corner lot with views of school and park. Experience fun & unique.

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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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13625 W Peck Court Litchfield Park, AZ 85340

$499,000

4 Beds

3 Baths

2,582 SqFt

Status Active

MLS # 6689189

Property Type Single Family Residence

Price Type --

Stunning Home in Proximity to Luke Air Force Base! This exquisite residence boasts 4 bedrooms, 3 full bathrooms, a spacious loft, and an inviting pool, perfect for entertaining. The primary suite is a sanctuary with dual closets, a lavish tub, separate shower, and dual sink vanity. Recently updated with fresh paint throughout, this home offers a modern appeal. Revel in the comfort of tile flooring throughout the entire home, eliminating the hassle of carpet. Parking for at least 4 cars in the driveway, and a garage with convenient access to the backyard. Step through French doors to discover the beautifully landscaped backyard oasis, complete with a sparkling pool. Experience the epitome of Arizona living in this remarkable property! Beatuful home close to Luke Air Force Base. Home features a beautiful pool

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16734 E La Montana Drive Fountain Hills, AZ 85268

$499,000

2 Beds

2 Baths

1,452 SqFt

Status Active

MLS # 6692422

Property Type Apartment

Price Type --

Updated ground floor condo overlooking the pool and garden area for year round relaxing and entertaining. Enter into the open floorplan with living, kitchen, breakfast island and dining area. Offering split bedrooms and baths for more privacy plus a den/office/bonus room. Walking distance to Fountain, shopping, post office and restaurants. Private garage and storage room. Lovely small community with Community heated pool and spa and low monthly fees. Community exercize room, gazebo and BBQ grill. Furnishings available on separate Bill of Sale.

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2411 E Delgado Street Phoenix, AZ 85032

$499,000

4 Beds

2 Baths

1,642 SqFt

Status Active

MLS # 6691478

Property Type Single Family Residence

Price Type --

Single story fully remodeled home with 4 bedrooms and 2 full baths. No HOA. New Flooring throughout home, new electrical panel box, new roof, new energy efficient windows and many more. Home has new appliances (Stove, Microwave, Fridge, Dishwasher, Washer and Dryer) with a 5 Year Warranty repair/replace that will transfer over. Become the proud new owner of this beautiful residence in a very quiet North Phoenix area! Experience a good night's sleep in the primary bedroom, offering direct outdoor access and a walk-in closet for convenience. The private backyard, which includes a storage shed. This amazing home is ready for you to move in and enjoy!

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204 S Thunder Mountain Mountain Payson, AZ 85541

$499,000

3 Beds

2 Baths

1,378 SqFt

Status Active

MLS # 6690579

Property Type Single Family Residence

Price Type --

Looking for serene mountain living? Welcome to this exquisite 3-bedroom, 2-bathroom home offering the perfect blend of comfort and luxury amidst Payson's stunning natural beauty. This newly constructed home features an open floor plan with vaulted ceilings, ideal for entertaining. The charming corner kitchen boasts new stainless-steel appliances and granite countertops. Easy-to-maintain vinyl flooring graces the main living areas, while plush, low-pile luxury carpeting adds warmth to the bedrooms. The bathrooms are adorned with elegant tile flooring. The expansive owner's suite includes an ensuite bathroom with a double vanity and an oversized walk-in glass surround shower. Relax on the covered back patio, perfect for observing wildlife or enjoying the summer monsoons. Located just an hour and a half north of Scottsdale, this home offers easy access to hiking trails, kayaking, and the fresh mountain air. Experience the tranquility of mountain living in this remarkable home.

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12565 W Llano Drive Litchfield Park, AZ 85340

$499,000

3 Beds

2 Baths

2,284 SqFt

Status Active

MLS # 6693959

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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15253 W Moreland Street Goodyear, AZ 85338

$499,000

3 Beds

2.5 Baths

1,808 SqFt

Status Active

MLS # 6698279

Property Type Single Family Residence

Price Type --

3 Bedroom 2.5 Bath house with 2 Car garage. TILE throughout house. Fresh white Kitchen cabinets, Island with pendant lights, GRANITE counters and STAINLESS STEEL appliances. Kitchen opens up to family room. Covered back paver patio with faux grass and rock. Ready for move in.

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6935 N Valley Road Eloy, AZ 85131

$499,000

4 Beds

4 Baths

2,722 SqFt

Status Active

MLS # 6701201

Property Type Single Family Residence

Price Type --

Stunning ranch-style home, ideally located near the golf course yet free from the constraints of HOA rules and fees. This property sits on a generous double lot facing open desert land. As you step through the foyer, the attention to detail is immediately apparent, from the elegant arches to the beautiful tile flooring that flows seamlessly throughout the home into the open living space and gourmet kitchen equipped with ample storage granite counters and breakfast bar, perfect for entertaining. This home boasts 4 generous sized bedrooms and 3 full bathrooms which include granite counters and tiled showers. Additionally, an extra room complete with a full bathroom and kitchenette, providing the perfect space for a man cave, office, or a private mother-in-law suite. Don't miss this home!

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