Homebuyers Advice – April 2021

March 29, 2021

Advice for Homebuyers Navigating a Seller’s Market

In today’s real estate market, it is extremely common for sellers to receive multiple offers on the first day their home is listed for sale. Joyce Delery, Broker, Engel & Völkers New Orleans, shares “Buyers have to be ready to pull the trigger on a moment’s notice and must be prepared to put their best foot forward”.  For a seller, sometimes the smallest of detail is what makes one offer stand out from the crowd.  Joyce shares some helpful tips for homebuyers to consider before ever submitting an offer – and a few to keep in mind when just starting to look.  

Some of our top tips for buyers are:

  • Have financing in place, ready to go / pre-approved (with local lenders)
  • Refrain from purchases such as furniture, cars, appliances until after the sale
  • Unless planned in advance, it’s best not change jobs once your start the search
  • Be ready to pull the trigger on a moment’s notice
  • Submit a “clean” offer
    • Straightforward, routine contingencies
    • Don’t add a lot of junk to an offer – try to avoid a bunch of inclusions – unusual terms and conditions are red flags
    • No Predication
  • If you are in a multiple offer situation, you should be prepared to write your “walk away number” – how much are you willing to pay “if you do not get the house, you will not be upset” – you feel comfortable you gave it your best shot and would not be comfortable with paying X more.

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