What is the home buying process?

Buying a home? That’s an exciting milestone!

But it can also be a bit overwhelming.

At Manatee, we’ve been active in the Bradenton and Sarasota real estate markets for quite some time. We’ve learned a lot over the years and thought it might be helpful to share some tips for purchasing a property you can proudly call home!

Here’s the advice we give our closest friends:

Be Picky

When buying a home, it’s wise to be selective. People rarely regret being too picky, but many wish they had been more discerning. Consider your future needs and make sure the home meets your long-term expectations. It’s better to wait for the right property than to settle for one that doesn’t fully satisfy your criteria.

No Agent Strategy

While real estate agents can be incredibly helpful, there’s a strategy you might consider: Look for homes yourself and, when you find one you love, let the seller’s agent represent you. This can make your offer more attractive to the seller because their agent won’t have to split the commission, which can motivate them to push for your offer to be accepted.

Escalation Clause

If you find a home that you absolutely love and don’t want to miss out on, consider including an escalation clause in your offer. This clause states that you will outbid any competing offers up to a certain amount, giving you a better chance of securing the property.

Additional Tips

  1. Get Pre-Approved: Having a mortgage pre-approval letter in hand shows sellers you’re serious and financially prepared.
  2. Home Inspection: Always get a thorough home inspection to avoid any surprises down the road.
  3. Consider Resale Value: Think about the future. Even if this is your forever home, circumstances can change. Choose a home with good resale potential.

We hope these tips help make your home-buying experience smoother!

And if you’re looking to sell your current property quickly for a fair cash offer, give us a call at 941-300-6090. We can buy your home as-is and close in as little as two weeks!

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