Don’t Make These Mistakes When Making a San Diego Home Offer

Let’s be honest, there’s a lot of pressure that comes along with making a San Diego home offer. If you make a mistake the seller could turn your offer down instead of being willing to negotiate with you. Or, if they have another offer they could sell the San Diego house to someone else instantly.

The home offer you write is the only thing that stands between you and the house you want to call home. With that in mind you can see just how important it is that you get the offer right from the start. Or at least close enough that it leaves room for negotiations.

Here are some San Diego home offer mistakes you don’t want to make.

Lowballing the seller

This is an outdated tactic that San Diego home buyers used to use. The belief behind this theory is that if you come in with a low offer the seller will negotiate with you until you settle on the price you actually want to pay.

This might work in some areas of bartering, but you aren’t bartering when you are buying a San Diego house. This is your home, not a piece of furniture you’re buying from Craigslist.

If you come in too low the seller might be unwilling to work with you. Or, they may receive another offer that’s much more appealing.

When it comes down to it, you have one chance to make a good impression on the seller and it starts with your offer. So if you come in at the price you are willing to pay you stand a better chance of working with the seller to reach a point you are both happy with.

Making it all about the price

When you are writing your San Diego home offer or working with a seller you need to really think about how much you want the house. Are you willing to lose the house if the seller doesn’t come down to the price you want to pay? Are there other areas of the offer that you could focus on that would help you to win the seller over? It doesn’t always boil down to the price.

Including every contingency

If you are obtaining a mortgage you are most likely required to keep contingencies such as the home inspection and home appraisal. But there are others that can be added. Carefully think through what’s absolutely necessary for you and what you can do without.

The easier you are to work with the better the chance you have of the seller accepting your offer.

Forgetting about the seller

It’s easy to write a San Diego home offer that focuses completely on what your needs are. But that’s not the best way to write a winning offer.

Instead, make sure you consider what would be important to the seller. What can you include in your offer that they would be looking to see? Are they trying to move out in a certain amount of days? If you can include that you could close by a set date that might help them choose you.