Buyer’s Guide to Making an Offer on Wilmington NC Real Estate

If you are shopping for Wilmington NC Real Estate, the agents at Just For Buyers Realty encourage you to use the following suggestions when looking for the right home. Sometimes these suggestions will increase the odds the home you’re buying is the right one for you and your family.

Confirm Financing

One of the most important things a prospective home buyer should do before making an offer is to get pre-qualified for a mortgage. This not only strengthens your negotiating power, but it also helps ensure that are not shopping for homes outside of your budget. If it has been a while since the pre-qualification, then check in and confirm your financing prior to submitting an offer to help prevent any unforeseen problems at closing.

Comparable Home Assessment

Doing your homework on the community you are looking to buy in is one of the most important factors in buying. Comparable homes sold in the local area have a major influence on what the home you are looking to buy will sell for. Be sure when trying to formulate an offer that you take into consideration the local homes that are selling and compare their features with your desired homes features. Too often, home buyers think the home should be priced lower when in actuality the price on the home is better than fair market value based on comparable homes. When you work with a Buyer’s Agent, you can rest assured that they will help you discover true market value of the home and whether the house is priced accordingly.

Get a Home Inspection

Paying for a professional home inspection on a property you are serious about buying is essential before finalizing an offer because there may be some areas of the new home that need attention. These areas are great negotiation tools when deciding what you should spend on the new home. For instance, if the home has a roof that is in need of repair, then the buyer could negotiate for a $3,000 to $8,000 reduction in the price of the home. On the other hand, if an inspection is waived in order to secure the home quicker, any crucial repairs or replacements will come out of the buyer’s own pocket.

Get a Title Check

A title check is usually performed by the buyer’s lawyer and it helps establish several key pieces of information, such as the current property owner, the type of title they hold, any covenants or right of ways, any easements, or boundaries. Any of these issues could dramatically impact the price of the home so knowing about them in advance will help you formulate an educated offer. Be aware that doing this before an offer is placed brings in the possibility of someone else making an offer before you and taking the home off the market.

A Buyer’s Agent Can Help You Make the Best Offer

Doing the right things before making an offer will help you get the very best price for your home and help prevent problems during and after the buying process. A buyer’s agent is a valuable resource that you can use to help ensure you are doing everything you can to increase your odds at getting the right home for the best price. At Just For Buyers Realty, our agents are experts at helping our clients negotiate the best possible price and terms on popular Wilmington NC real estate. Just give us a call at 910-444-2851 today. One of our exclusive buying agents will be more than pleased to assist you and best of all; our services won’t cost you a cent out of pocket.

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