Strategic Steps: Four Expert Tips for Crafting a Winning Home Offer

Considering purchasing a home in the near future? It's crucial to understand that the current market conditions in many areas are highly competitive due to the limited inventory of homes for sale. This scarcity often results in multiple-offer situations. As we approach the peak homebuying season this spring, this competition is anticipated to intensify further.

Here are four essential tips to ensure you make your best offer:

1. Partner with a Real Estate Agent

Rely on a real estate agent who can support your goals. As PODS notes:

“Making an offer on a home without an agent is certainly possible, but having a pro by your side gives you a massive advantage in figuring out what to offer on a house.”

Agents are local market experts. They know what’s worked for other buyers in your area and what sellers may be looking for. That advice can be game changing when you’re deciding what offer to bring to the table.

2. Understand Your Budget

Knowing your numbers is even more important right now. The best way to understand your budget is to work with a lender so you can get pre-approved for a home loan. Doing so helps you be more financially confident and shows sellers you’re serious. That gives you a competitive edge. As Investopedia says:

“. . . sellers have an advantage because of intense buyer demand and a limited number of homes for sale; they may be less likely to consider offers without pre-approval letters.”

3. Make a Strong, but Fair Offer

It’s only natural to want the best deal you can get on a home, especially when affordability is tight. However, submitting an offer that’s too low does have some risks. You don’t want to make an offer that’ll be tossed out as soon as it’s received just to see if it sticks. As Realtor.com explains:

“. . . an offer price that’s significantly lower than the listing price, is often rejected by sellers who feel insulted . . . Most listing agents try to get their sellers to at least enter negotiations with buyers, to counteroffer with a number a little closer to the list price. However, if a seller is offended by a buyer or isn’t taking the buyer seriously, there’s not much you, or the real estate agent, can do.”

The expertise your agent brings to this part of the process will help you stay competitive and find a price that’s fair to you and the seller.

4. Trust Your Agent During Negotiations

After you submit your offer, the seller may decide to counter it. When negotiating, it's smart to understand what matters to the seller. Once you do, being as flexible as you can on things like moving dates or the condition of the house can make your offer more attractive.

Your real estate agent is your partner in navigating these details. Trust them to lead you through negotiations and help you figure out the best plan. As an article from the National Association of Realtors (NAR) explains:

“There are many factors up for discussion in any real estate transaction—from price to repairs to possession date. A real estate professional who’s representing you will look at the transaction from your perspective, helping you negotiate a purchase agreement that meets your needs . . .” 

Bottom Line

In today's competitive market, let’s work together to find you a home you love and craft a strong offer that stands out. 

72 Properties
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3
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2
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1,908
Sq.Ft.
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Year Built
1
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T3519292
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$599,000
Neighborhood: Antigua/Wellen Park
3
Beds
3
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2,201
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5
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$3,295,190
Neighborhood: 3453 - Everly At Wellen Park
4
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3,723
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Year Built
6
Days on Site
A4606946
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$488,000
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2
Beds
2
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1,530
Sq.Ft.
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6
Days on Site
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$1,088,114
Neighborhood: Wellen Park
3
Beds
3
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2,562
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9
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2
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2
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1,431
Sq.Ft.
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Year Built
12
Days on Site
N6132157
MLS
$465,597
Neighborhood: Antigua At Wellen Park
3
Beds
3
Baths
2,201
Sq.Ft.
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Year Built
14
Days on Site
T3513330
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$568,701
Neighborhood: Lakespur At Wellen Park
4
Beds
3
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2,032
Sq.Ft.
2025
Year Built
14
Days on Site
T3514193
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$472,097
Neighborhood: Lakespurat Wellen Park
3
Beds
3
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2,201
Sq.Ft.
2024
Year Built
15
Days on Site
T3514191
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$443,597
Neighborhood: Antigua At Wellen Park
4
Beds
3
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2,032
Sq.Ft.
2024
Year Built
16
Days on Site
T3514189
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Open 4/21
12458 Somatic Ct Venice,  FL 34293
$578,500
Neighborhood: Sunstone At Wellen Park
2
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2
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1,497
Sq.Ft.
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Year Built
16
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A4605048
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$399,900
Neighborhood: Wellen Park Golf & Country Club
3
Beds
2
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1,301
Sq.Ft.
2023
Year Built
21
Days on Site
A4604968
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