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Keep These Tips in Mind When Making an Offer

After looking at many properties, you’ve landed on the one you want to make an offer on. Here are three tips to make the process go as smoothly as possible.

Have a Pre-Approved Mortgage

Real estate experts suggest you have a mortgage pre-approved before making an offer on the property you want to buy. This is because it shows that you’re serious about the property and the offer. It also means that if they accept the offer, the closing process has a better chance of going through.

Decide How Much to Offer

Now that you have your pre-approved mortgage, you’ll need to decide how much to offer for the property. The best way to determine how much to offer is by looking at market value, the seller’s asking price, and the home-buying budget you put together beforehand. Don’t overextend your finances, and ensure you have some wiggle room in case there are higher offers than yours.

Write an Offer Letter

Lastly, writing an excellent offer letter is essential. The offer letter is a perfect way to connect with the seller and tell them a bit about your plans for the house. Remember that selling a home is often an emotional decision, not only a financial one, so make sure you let them get to know you a bit.