St. Louis Homebuyers: A Guide Beating Out the Competition
As St. Louis homebuyers, you have been looking for a house for some time, and you’ve finally come across the “one.” Now is the time to dial up your very first offer.
Or maybe you keep making offers on St. Louis homes, only to never have them be accepted accepted.
Whichever type of St. Louis homebuyers you are, here are some moves you can take to help secure your home sweet home.
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Give the Seller What They Want
What is your seller’s story? Why are they selling their St. Louis house? Is it money? Are they wanting to move as fast as possible? Have they been selling a while?
If they are in contract to purchase a St. Louis home, be sure to communicate to them that you are willing to do a quick and clean sale. Let them know you want this as much as they do. If you can have your inspection and appraisal done in a week (along with extra contingencies), it shows the seller you mean business.
Actions speak louder than words. Show them you are willing to hurry this along!
If the seller is worried about a place to live, you can give them the option of “renting back” the home after closing. It can be stressful trying to find a place to stay while the selling of a house is underway. This offer will make them feel better knowing the sale has gone through, and that they only need to move one other time.
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Nothing should be “Unknown”
Once again, actions speak louder than words. One of your goals should be to let your seller know you’re going through great lengths to get your loan lined up, and that you are serious. It would help to make your offer non-contingent on financing. Completing the appraisal early only shows more of what you are willing to do. It really helps out in the long run for the seller to know what you’ve already done.
Working with a good mortgage professional is key. They should be on top of their game. Once you have made an offer, they should have your entire file updated and ready to go.
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Pay Top Dollar for the Home
This may not sound smart, but most St. Louis homebuyers end up paying top dollar if there is drama in a bidding war. It will be well worth your money if it is the home of your dreams.
Before even getting started, know both your budget and the “golden number” you’re willing to settle with in the end. What number will put you over the edge?
You should definitely know if you could have an appraisal issue. When St. Louis homebuyers are beat out time after time, they bid harder. It makes the market strong, and that’s how it is in the business. If you plan on financing with a 30-year fixed loan, you’ll be glad you made good effort.
So, whether it is your very first time to make an offer on the St. Louis house, or it’s the umpteenth time to make offers on houses, this advice can be yours for the taking. Never underestimate another St. Louis buyer’s offer. All St. Louis homebuyers are at least a little nervous and financially stressed so take a breath and put your game face on.