Submitting Home Buying Offers in Sacramento 2020
Submitting home buying offers in Sacramento 2020 should be well-thought out with a strategic plan. The market is very competitive as inventory is down by a third in many areas. What does this mean for homebuyers? Perseverance is the answer. Understand your priorities. Be willing to compromise and invest in sweat equity. When buyers cling to very stringent criteria, it is a challenging journey. To have “it all,” you will pay dearly and may have to build a custom home, which is not inexpensive. However, when you buy a resale home, you are not paying top dollar for upgrades.
My niece has a 20% down payment, is preapproved and wrote a brilliant letter about her family. We are in back up offer status on 2 offers. A back up is a second-place offer; if the current offer falls out for any reason, we are ready, willing and able to buy this house.
Even with a 20% large down payment and offering $10,000 over the list price, our offers were still not chosen. The seller’s response will generally tell you why you were rejected. Submitting home buying offers in Sacramento 2020 is taking assertive measures to win. Best advice, listen to a competent Realtor.