Ready to Make a Phoenix Home Offer? Here’s What You Need to Know

Ready to Make a Phoenix Home Offer? Here’s What You Need to Know

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Phoenix Home Offer

Ready to Make a Phoenix Home Offer? Here’s What You Need to Know

The moment you’ve waited for has finally arrived. You’ve scoured the Phoenix real estate listings, attended plenty of open houses, and finally found the perfect house. All you want to do is snap your fingers and make it yours. Unfortunately, it isn’t that easy.

Before you can start moving in your furniture, you have to convince the Phoenix seller to sell the house to you in the first place. How do you do that? By learning how to write a Phoenix home offer they can’t resist.

How to decide on a price?

The thing that most buyers think about when writing a Phoenix home offer is the price they want to offer. It’s one of the most important pieces of the puzzle. However, it can also be one of the most difficult things to decide on as well.

When deciding how much to offer it’s important that you consider what the Phoenix house is actually worth along with your budget. Your real estate agent can help you decide how much the house is worth by showing you comps. By looking at what other houses have recently sold for in the Phoenix area it will help home buyers to determine what the market value of the house for sale is.

With this information in hand, Phoenix home buyers can take into consideration what your budget is and how much you are able to afford. From here, there are several strategies that you can employ.

Option one is to place a low offer in hopes of getting a good deal. However, you want to be careful not to lowball the seller or else they won’t want to work with you.

Another strategy is to come in with a slightly higher offer. Some Phoenix buyers are even willing to pay over the asking price if they are in a hot seller’s market and want to make sure that they get the house.

What else goes into a Phoenix home offer?

While the price is the main thing that people think about when writing a Phoenix home offer, it isn’t the only thing that sellers are going to consider. You also want to consider what contingencies you’re including in the offer. These include things like making the deal dependent on the appraisal and home inspection. Other options include putting a contingency on the home offer that states that the deal cannot close until your current house has sold.

While contingencies are in place to help protect you, Phoenix buyers want to make sure that you are only including the things that you actually need. If you include too many contingencies the seller may decide it’s not worth the hassle to work with you.

Every detail that goes into the Phoenix home offer is important and could be something that either convinces the seller to accept your offer or turns them off. If you have questions about what you should or shouldn’t include in your offer based on your specific situation make sure that you talk to your real estate agent. If you can’t write a Phoenix home offer that the seller is interested in then you won’t be able to secure the house you are after.

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