Home Buying Tips

Dated: 05/09/2016

Views: 306



Image title


With the Austin housing market booming, competition for home purchasing is in high demand! It is important to let sellers know that you are serious and ready to act! Follow these tips to find out how to get an edge over other potential buyers. 

Move Fast

When buying a home, time is of the essence. Cash buyers show strength because they present no financial contingency. However, a solid mortgage pre-approval with a short inspection and the assurance of a quick closing can have equal billing. Bottom line: sellers want to know how quickly they can get their money. 

Exceed the Ask

Buyers who present an offer considerably above the asking price may find that the seller is much more willing to give them some time to get their financing in order. Another approach is to show, along with the loan pre-approval, proof of the funds necessary to cover the down payment. A seller will be more inclined to accept an offer with a financing contingency when the buyer demonstrates sufficient liquidity.

Establish a Connection

Selling a home can be an emotional decision, and in some cases sellers are concerned about the intent of the buyer. If the seller has an emotional connection to the property, the owner may favor a buyer who plans to occupy the property over an investor who plans to make major changes and rent or re-sell the property.

Show Kindness

Buyers that show kindness toward the seller seem to separate themselves and gain an advantage. Paying compliment to the space you are buying never hurts. Instead of pointing out the property's shortcomings, take advantage of any opportunity you may have to convince the seller that you are the right buyer for their property.

Blog author image

Andrea Alderete

Andrea has lived in the Austin area for 40 years. Her professional background, active in the community and personal life have provided her the perfect foundation for serving clients’ real estate ne....

Latest Blog Posts

What can you buy for $200k in Austin?

 Just ten years ago, buyers had many more options when looking to invest $200 K in the Austin real estate market. The median sales price of residential homes in 2008 was only $192,000. 

Read More

Homes with Pools: Diving into the Pros and Cons

 It’s HOT, HOT, HOT right now.  With temperatures in the triple digits, the idea of jumping into a pool sounds absolutely glorious.  But, does having a pool make your home more

Read More

​6 Documents to Gather Before Listing Your Home for Sale

 If you’re preparing to put your home on the market, you are probably staying busy cleaning, de-cluttering, and starting to pack.  You may also find time slipping away from you as

Read More

Remodeling Ideas, Owen Moore, eXp Realty, LLC.

These are some ideas on making certain areas in your home pop! It includes remodeling ideas, different styles, colors and materials to use to freshen up an area of your.

Read More