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The Mark Thudium Team
REALTOR®, Associate Broker, CRS, GRI, SRES
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Date Archives: July 2018

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Buying | 20 Posts
Estates | 6 Posts
News | 6 Posts
Selling | 21 Posts

In a competitive housing market, many buyers are finding the process of buying a home increasingly difficult. To avoid making the process even tougher, consider these tips first.


4 tips for making a strong offer


#1 - Don't delay
Dragging your feet means the buyer could actually pay more in a bidding war, or miss out on the property altogether.  Buyers need to be ready with a mortgage pre-approval letter and escrow deposit money from the day they begin the home search.


#2 - Always put your best foot forward
In a seller's market, buyers need to take steps to "look good" in the eyes of the seller.  In today's competitive environment, the listing agent is trying to determine which buyer will be the easiest to work with.  Buyers may want to avoid pointing out every defect, asking nitpicky questions, and so on. Buyers who act less than enthusiastic will see themselves at a competitive disadvantage when sellers are comparing multiple offers.


#3 - Don't make an offer for the pre-approved amount
Many buyers come in with a pre-approval for the exact offer price, but when competing against other offers, buyers want to show financial strength.  A pre-approval for the exact amount of the offer could make the listing agent nervous because of lack of wiggle room or because the buyer may no longer qualify if interest rates rise.


#4 - Avoid low offers
Low offers often backfire in a seller's market.  A low offer that isn't backed up with comparable sales data is disrespectful, could turn off the seller, and may result in a buyer missing out on the property completely.


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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 02/03/2023. The listing information on this page last changed on 02/03/2023. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Bright MLS (last updated Fri 02/03/2023 2:15:54 PM EST) or CJARMLS (last updated Fri 05/20/2022 2:39:11 PM EST). Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices Homesale Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved. --

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The Mark Thudium Team
Mark Thudium, Corey Thudium, Emily Emerich, Mary Shelley-Weaver, Marlene Leighty, Rose Mosemann, Joshua O'Donnell, Seth Johnston, Karen Glaser 

150 North Pointe Boulevard, Lancaster, PA 17601

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