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Today I want to speak about how you can make a more competitive offer as a buyer. In a competitive real estate market, such as the one here in Minneapolis, it's incredibly important to know how to make a good offer. I have three important steps to help you make a more competitive offer.
1. Understanding your financing: Buyers often don't do their homework to see what they can get pre-approved for, or what they can really afford. Research different loans, talk to a loan officer, and get pre-approved for a loan. Sellers like to see a buyer who has their finances in order.
2. Know your local market: This is always helpful when you're looking to buy, but it's also important whenever you're dealing with the local market in Minneapolis. Knowing the price ranges for homes is important, as well as trends that are occurring. It's always best to be prepared.
3. Personalize the Transaction: This can often help in getting the seller on your side. Tell them about your plans for the home after you buy it. Don't be a stranger because a seller is way more likely to choose a buyer that they know and trust.
These three tips should help you stand out to sellers here in Minneapolis. When the market is as competitive as it is right now, you may need all the help that you can get.
If you have any questions regarding real estate in Minneapolis, please be sure to give me a call or send me an email. I'm always willing to assist you.
If you have any questions regarding real estate in Minneapolis, please be sure to give me a call or send me an email. I'm always willing to assist you.
