7 Winning Tips for Buyers

Concerned that you could be in a bidding war? Use these strategies to increase your odds of getting your offer accepted.

  1. Encourage your agent to reach out to the listing agent to find out what the seller is looking for, such as a quick close, an above asking-price offer or a waived contingency. This will help you and your agent craft a competitive offer.
  2. Make a cash offer. If you’re not in a position to pay cash, get preapproved for a mortgage and have your preapproval letter in hand.
  3. Pay attention to the listing agent’s request. Many times, they will have you submit your highest and best offer. Ask your agent for some strategies on handling this type of offer.
  4. Consider waiving contingencies. If you are financing, check with your lender.
  5. Figure out where you can be flexible. You’ll need to move quickly, so know your must-haves versus your nice-to-haves before you start your search.
  6. Don’t get emotional. Trust your agent to walk you through each step in the buying process.
  7. Be available. Respond to inquiries quickly and ask your Real Estate Agent to check in regularly with the listing agent to monitor the seller’s progress.

Source: NAR, Florida RealtorⓇ magazine, housingwire.com, Rocket Mortgage

STOP! Avoid These 7 Things Before Closing On Your New Home

You’ve found your dream home, your offer is accepted and your closing date is 20 days away. We know your mind is on furnishing your house and buying supplies. And you are probably a little overwhelmed with all that goes into moving. Don’t jeopardize your chance at a successful closing by making one of these errors.

Here’s what NOT to do before closing on your new home:

  1. Change jobs
  2. Increase debts
  3. Apply for new credit
  4. Move money without a paper trail
  5. Skip a payment or make a late payment for a bill
  6. Spend your savings
  7. Buy big-ticket items

Lenders will continue to check your credit, income and job stability up to just before closing to see if anything has changed that may impact you qualifying.

Stop! Avoid These 7 Things Before Closing On Your New Home - Realty Advisors Miami LLC

10 Most Common Flaws Found During Home Inspections

Here are the top 10 defects found during home inspections:

  • 54.9% Doors need adjusting/servicing
  • 54.8% Faucets and shower heads need servicing
  • 54.5% Exterior caulking/sealant missing
  • 53.7% Outlet or light switch problems
  • 48.0% No circuit breaker (GFCI) protection
  • 45.1% Missing or defective smoke alarms
  • 45.0% Cosmetic sheetrock cracks or nail pops
  • 40.5% Fixtures and/or bulb problems
  • 33.9% Interior caulking, grout and sealer are missing
  • 33.9% Electrical service panel problems
10 Most Common Flaws Found During Home Inspections - Realty Advisors Miami LLC