Tag Archives: advice on buying a home

Money Monday: Make smart purchase offers

When you write a purchase offer, the back-and-forth between you and the seller begins (typically with real estate agents advising both of you) — and when you are intentional about your number and why, the more successful you’re offer will be.

All-cash offers in today's real estate market

Following some guidelines from HouseLogic when choosing your purchase offer amount will help:

  1. Know your financial limits and stick well within them.
  2. Get familiar with the real estate lingo (an agent helps tremendously here!)
  3. Have your agent run the comps to see how the list price of the home compares and then take other aspects (like time on market, availability of other similar properties in the area, etc) into account.
  4. Figure out your down payment.
  5. Make an earnest money deposit if you’re truly serious about buying the house.

Read the remainder of HouseLogic’s tips here: “Make an Offer Like a Boss.

And give me a call for step-by-step real estate help as your Realtor when buying a house! John A Silva, (619) 890-3648

Money Monday: Rejected home purchase offers

If you’ve been rejected after making a purchase offer on a home, you may have made the wrong financial offer.

There’s a few common reasons why a seller could have rejected your offer; here’s some monetary reasons:

  1. You offered too much. 
  2. You requested too much additional money toward closing. 
  3. Your financial picture raises questions. 

Rejected purchase offers in real estate

This infographic is from CAR.org.

Five real estate tasks best done early

While I’m a big proponent of avoiding premature real estate moves, there are a number of tasks that are best done before you think they need to be. These are things that tend to take longer or often turn out to be more complex than people plan for.

Please, give me a call if I can help you in your home shopping process in any way! (619) 890-3648

1. Check your credit. Everyone knows that you should check your credit, or have your mortgage broker do it, some time before you get ready to start house hunting. What people fail to factor in are the real-life turnaround times on rehabbing your credit in the event there are errors, fraudulent entries, balances you need to bring down, or trade lines (credit accounts) you need to build up in order to qualify for a home loan.

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