Tricia Cyr | Guilford Real Estate, Branford Real Estate, Madison Real Estate


Ready to submit an offer on a home? Putting together a proposal that stands out in a home seller's eyes is key.

With the right home offer, you can improve your chances of securing your dream house without delay. Plus, dedicating time and resources to put together a home offer that works for both you and a home seller is sure to accelerate your journey from homebuyer to homeowner.

How can you improve your chances of submitting an offer that a home seller is sure to accept? Here are three tips to help a homebuyer submit a standout home offer.

1. Get Pre-Approved for a Mortgage.

In many instances, a home offer may be contingent upon financing. And if a homebuyer has to secure financing after submitting a proposal, this individual could risk missing out on an opportunity to purchase his or her dream house.

Comparatively, a homebuyer who gets pre-approved for a mortgage will have the necessary financing in place when he or she submits an offer. As a result, this individual's offer may stand out from other proposals, particularly to a home seller who wants to speed up the home selling process.

2. Consider a Quick Home Inspection.

Don't ask the home seller for 15 or 30 days to conduct a home inspection. Instead, be ready to conduct a home inspection as soon as possible.

You may need only a few days to set up a home inspection. As such, if your offer includes a request for five or 10 days to complete a home assessment, it may stand out from others.

Also, if you find your dream home, you may want to consider purchasing the house "as is." Doing so may allow you to forgo negotiations between a homebuyer and home seller after a home inspection.

If you submit an "as is" home offer, you will be able to learn about the condition of a property before you buy it. However, after a home inspection, you will be unable to ask the home seller to complete repairs. At this point, if you find the house fails to meet your expectations, you can either walk away or buy the home in its current condition.

3. Add an Escalation Clause to Your Offer.

An escalation clause can help you compete against other homebuyers in a fierce real estate market. It enables you to increase your offer by a set amount over any other bids to a certain level. As a result, including an escalation clause in your home offer can help you avoid the risk of overpaying for a house and improve your chances of securing your dream residence at the same time.

Ask your real estate agent to include an escalation clause in your home offer. Your real estate agent can help you submit the perfect proposal, and ultimately, boost your chances of getting a "Yes" from a home seller.

Use the aforementioned tips, and you can bolster your chances of getting the right house at the right price.


Imagine what it will be like when you discover your dream house. In all likelihood, this residence will meet all of your needs, along with your budget. However, it is important to note that the final price of your home is unlikely to be what you'll wind up paying for your new residence. There are many hidden home costs that you should consider before you finalize your home purchase, including: 1. Property Taxes Property taxes are a necessary evil. And even though every homebuyer would like to avoid them, these taxes must be paid consistently. Typically, property taxes are billed annually as a percentage of your assessed home's value. They may total thousands of dollars that you'll be responsible for paying every year, and as such, should be considered when you budget for your home purchase. Although you cannot avoid property taxes, you can plan for them. Homebuyers who budget accordingly, meanwhile, will be able to ensure that they can pay these taxes on time for the length of their mortgage. 2. Utilities You've decided to buy a home, but how do you plan to pay for electricity for your new residence? Or how do you intend to pay to heat and cool your home? Utilities are paramount, and the costs associated with utilities need to be evaluated during the homebuying process. Fortunately, working with an experienced real estate agent ensures you'll be better equipped to understand the utilities costs you may encounter when you buy a new residence. A real estate professional may be able to provide insights into how much utilities will cost based on the size of your home and your individual needs. That way, you'll be able to get a better idea about how much you'll need to save each month for electricity, heat and other utilities. 3. Home Repairs and Maintenance Even a brand new house will require repairs and maintenance over time. And even though every room in a home looks like it is in great shape now, the same may not hold true even a week, month or year from now. Putting aside money each month enables you to prepare for any minor or major home repair or maintenance projects that could arise. Furthermore, those who are in dire need of extensive home repairs may be able to apply for a home improvement loan to ensure they can get any home improvement projects done as soon as possible. Remember, planning ahead usually is a good idea, particularly for homebuyers. Budgeting for the unforeseen costs associated with buying and owning a home is important, and doing so will ensure you're prepared for any challenges that may come your way. Creating a budget and sticking to it can help you find a great home that won't force you to stretch beyond your means. Plus, those who develop a budget that includes potential hidden homebuying and homeownership costs can avoid the risk of falling into debt. Prepare for the hidden costs of buying a new residence, and you'll be able to maximize the value of your purchase.

Buying a home should be simple. Unfortunately, purchasing a residence can become complicated quickly, especially if you fail to consider the immediate and long-term costs associated with a house.

Ultimately, there are many hidden expenses that a homebuyer needs to consider before he or she purchases a house, including:

1. Utilities

Heating and cooling costs, water fees, electricity expenses and other utility bills may prove to be overwhelming if you're not careful. Fortunately, if you learn about various utility costs now, you may be better equipped to keep your utility bills in check at your new residence.

Ask your real estate agent for information about a home seller's utility bills. By doing so, you can get a better idea about how much your utilities may cost if you decide to purchase a particular residence.

Also, if you plan ahead for your utility bills, you can budget accordingly. Keep in mind that utilities are essential in any home. As such, you'll need to account for these costs in addition to your monthly mortgage payments, regardless of the home you buy.

2. Commuting

If you're moving to a new city or town, you'll want to consider how your move may impact your daily commute to work, school or any other locations that you visit regularly.

Consider a home's proximity to highways. If you move to a house that is located near a major highway, you may encounter heavy traffic at various points throughout the day, resulting in a lengthy commute.

Also, find out whether public transportation is available near your new home. In some instances, you may be able to take advantage of buses, trains and other public transportation options to get where you need to go without delay.

3. Home Upgrades

Although a home may appear to be a dream come true, there are problems beneath a house's exterior that could bubble to the surface after you complete your purchase. Thus, you may want to put aside money for home upgrades that may be necessary in the near future.

For example, an older home may require a new hot water heater and furnace soon. And if you start saving for a new hot water heater and furnace today, you may be able to replace them before it's too late.

A home inspector can help you identify home problems. This professional will conduct an in-depth review of a residence and provide honest feedback about any problems that could escalate quickly.

After a home inspection, you can always ask the home seller to perform the necessary repairs, or you can walk away from a home offer. On the other hand, you can keep your current home offer, move forward with your home purchase and complete the upgrades on your own.

When it comes to planning ahead for hidden home expenses, a real estate agent can point you in the right direction. Your real estate agent is happy to respond to your homebuying concerns and questions and will do everything possible to ensure you are fully satisfied with any residence you purchase.




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