You’ve finally found the home of your dreams in La Quinta, and are ready to sign the papers, pack the moving trucks, and while away the next ten years or more in the midst of desert beauty. Don’t get too ahead of yourself – you’ve got to make a successful offer on the property before you can call it yours, and you may wind up getting overwhelmed by the process. With these tips on hand, you’ll get an edge over the home buying competition and get a great deal on the home you’ve been dying for.
Know Your Choice, and Know What You’re Up Against
The backbone of making a solid home offer is research – on the home, on the seller, and on the market itself. Do your homework on the home’s market history (how long has it been on the market, and have there been previous rejected offers? Are there other potential buyers with offers on the table?), about the seller themselves (why are they selling, and how eager are they to part with their property?), and review information on what recent offers have looked like for comparable homes. Doing all this research on your own is an uphill battle – try enlisting the help of a pro real estate agent to take the burden off your shoulders. Having them on call for advice is crucial when faced with a competitive market, and can spell the difference between a successful and a failed bid.
Get All Your Essentials in Order
Before you make your offer, you have to make sure you’re ready to put it all on the line – if you have to stall for a few days to wait for this approval or that letter to come in, you can very easily lose the seller’s interest to a buyer who’s ready to go. It’s crucial to have your loan pre-approved and be up-to-date by the week on what rates you qualify for – real estate is a rapidly changing market, and keeping up on what you do and don’t qualify for can not only save you thousands in interest, but can help you craft a home bid that will blow any other buyers out of the water.
Sometimes, Deals Fall Through
We don’t always get what we want – that’s true in life, love, and real estate. You’re potentially competing with dozens of other buyers, and sometimes the winds are simply more in their favor: they’re able to make a cash offer, able to close quickly, or may have endeared themselves to the sellers by chatting with them about their favorite football team. If a deal falls through, don’t get discouraged. There are dozens of other beautiful La Quinta homes for you to fall in love with.
Whether you’re a first-time home buyer or someone looking for a change of scenery, these tips will get you signing the bank papers for your new La Quinta property. Don’t go in to the buying process alone – with a great agent on your side, you’ll have the pro advice you need to succeed.