When you find the perfect home, make an offer.
Don’t wait, and don’t price yourself out of the game.
Offer your best price based on having the right information, and include a high deposit, then share a few personal details about how you connected with their home and why you think it is the perfect home for your needs.
The offer you write may be your only and best chance to win the home, your home, and if you approach the Seller with the intention to win it, you are positioning your offer to stand out. Not all Sellers will choose to counter offer your original offer in this climate. Market value is what a Buyer is willing to pay for a property and only you will know what is most comfortable for you. Interest rates are still a solid justification to look at your purchase with the long term in mind.
In a housing market like ours, where inventory is low and homes are only staying on the market for a short amount of time, multiple offers are being submitted on the majority of homes that are priced in the “sweet spot”. Most are near or at asking price and some are beyond it.
Home sellers need to evaluate several offers and if yours is one of many (your agent ought to be able to tell you if other parties have indicated interest), it needs to stand out. That’s where your story comes in (along with your best offer on price and terms).