What to Expect If You Submit a Lowball Offer on a Home

by Team Kluberdanz 12/10/2018

A "lowball" homebuying proposal is unlikely to do you any favors, particularly if you want to acquire your dream residence as quickly as possible. In fact, after you submit a lowball offer, it may be only a matter of time before you receive a "No" from a home seller.

When it comes to buying a house, it helps to prepare a competitive offer. That way, you can increase the likelihood of getting a seller to accept your home offer and speed up the homebuying journey.

Now, let's take a look at three tips to help you avoid the risk of submitting a lowball offer on your dream residence.

1. Analyze the Housing Market

Are you searching for a house in a buyer's or seller's market? Are homes selling quickly in the current real estate market? And are houses selling at, above or below their initial asking prices? These are just some of the questions that homebuyers need to consider as they assess the real estate sector.

With a diligent approach to buying a house, a homebuyer can become a real estate market expert. This buyer can assess a wide assortment of housing market data, and by doing so, gain the insights that he or she needs to submit a competitive offer on any residence.

2. Understand a Home's Condition

A home purchase is one of the biggest transactions that an individual will complete over the course of his or her lifetime. As such, the decision to submit an offer on a house should not be taken lightly.

To make the best-possible choice, it helps to look at all of the available information about a residence. You should review a home listing closely and attend a home showing. In many instances, it may be beneficial to check out a house a few times to get an up-close look at it before you submit an offer.

The condition of a home will play a major role in how much you are willing to offer to acquire a residence. Therefore, you should learn as much as possible about a house's condition. And if you feel comfortable with a home, you should be ready to submit an offer that will match a seller's expectations.

3. Collaborate with a Real Estate Agent

Hiring a real estate agent generally is a good idea, particularly for a homebuyer who wants to reduce the risk of submitting a lowball offer on a house. A real estate agent can help a homebuyer prepare a competitive offer, as well as ensure that a buyer can enjoy a seamless home transaction.

Furthermore, a real estate agent will allocate the necessary time and resources to help you analyze a house. He or she will even offer homebuying recommendations and teach you everything you need to know about the homebuying cycle.

Avoid the temptation to submit a lowball offer on a house – use the aforementioned tips, and you can submit a competitive proposal to acquire your dream residence.

About the Author
Author

Team Kluberdanz

TEN TOP REASONS TO USE TEAM KLUBERDANZ

10. In top 4% of all sales associates worldwide with internationally respected 

Coldwell Banker!

9. Many clients are repeat clients!

8. Works with Buyers and Sellers!

7. Offers more services than just helping you buy or sell a home!

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4. Makes the process fun!

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1. Listens to you and shows you what you ask for!

Professional Philosophy

Lois Kluberdanz makes every client feel like her only client, giving personal and professional attention. Her attention to detail and professional follow-through is unmatched. Lois will make the entire process as stress-free as possible; she does all the work for you! Expect the best and get more!

“My family and I relocated to Naples over nine years ago. Naples not only has a marvelous climate, beautiful beaches, and an outstanding ambiance but it is also a great place to raise a family. I am committed to the community. I will bring the same commitment to helping you with all your real estate needs.”

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