• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Sonoma County Mortgages

Contact Us About Mortgage Financing

All financing provided by New American Funding

(707) 217-4000 | Prequalify Now

Search Sonoma County Mortgages

  • Home
  • Purchase
    • How Much Down Payment To Buy A Home?
    • How Much Income You Need To Buy A Home
    • How Much Should I Save For Buying A Home?
      • How Rates Affect Payment
    • No PMI Mortgages
    • FHA Loans
    • Sonoma County Disaster Loans
    • Jumbo Loans
  • Refinance
    • Mortgage Rates
    • Does It Make Sense To Refinance?
      • Get Your Refi Paperwork In Order
    • How To Pay Off Your Loan Faster
    • How To Remove PMI
    • How Lenders Price & Quote Loans
  • Loan Programs
  • Payment Calculator
    • Mortgage Affordability Calculator
  • Blog
  • Videos
  • About SCM
  • About Scott Sheldon

Primary Sidebar

Sonoma County Mortgages is a part of New American Funding

New American Funding - NMLS #6606

Get Your Latest Rate Quote Now!

How to spruce up your offer to buy a home

May 18, 2021 by Scott Sheldon

Share on Facebook Share on Twitter Share on Pinterest Share on LinkedIn Share on Email
how to buy a home and make your offer stronger

Let’s say if you are in the market to be buying a home in the current environment here some things you might want to be aware of with regards to acting on a house that’s within your budget…

Let’s say as a result the house you could afford is say $650k. For whatever reason, you and your spouse are conflicted one of you wants to proceed the other doesn’t. So you let the house sit you don’t make an offer and you sleep on it for a day or two. It’s completely realistic that that same house literally the next day or even the same day could be in contract with another buyer. This is not the market to take the sleep on its approach with regards to buying a home. If you like the house, you can afford the house, you know the area and the neighborhood, and the location then by all means pulls the trigger.

Here is why if your expectations for buying a home are such that it’s very specific. So specific you’re looking for a certain type of house with an exact type of property which as result only comes up maybe 1 or 2 times a year. You can expect if you don’t act quickly the house might have multiple offers you will up spinning your wheels and potentially losing out on house because of your failure to not act when your real estate agent recommended that you do so based on your needs, desires, and goals.

It is by any means a pressure tactic but, motivation to make an offer on a house you can afford when it pops up should be paramount. This is the market where you need to base it basically identify an opportunity, evaluate the opportunity and then act on the opportunity. It is not a market to try to offer less on the house, try to negotiate lower, or attempt to extract out seller concessions that might not be available especially if you’re in a competitive area. To be successful you need to be all in, this means having your down payment together and closing costs together, and be willing to pay the list price for the house or potentially even over the list price. This holds true especially if your real estate agent tells you that the house is underpriced. What a lot of listing agents do is they will list a house very low to induce multiple offers so it’s a false reality of what the house will actually sell for. Add reality of other sales in the area more than likely in most times circumstances the house will appraise even if you big “over-asking.”

Keep this in mind if you’re deciding whether or not to act on the house. You still get your loan contingency, you still have an inspection contingency, and just because you sign a real estate purchase contract does not automatically mean you’re signing your life away. Take the advice of your real estate agent and your lender who are working on your behalf to help you in your family be successful in your home buying endeavor. Trust these people as your finances, future and the ultimate road to wealth creation all depend on it.

Looking to buy a home? Get a no-cost quote today!

Related Mortgage Advice from Scott Sheldon

  • How to buy a home when you have one to sell first
    How to buy a home when you have one to sell first

    Purchasing a home can be tricky if you have a home to sell first. For…

  • Buying and selling homes
    How To Buy A Home By Selling Another

    In the last few years, many consumers bought homes with low down payments and have…

  • Renting? How About Buying The Buy House Instead?

    If you have never owned a home before, or owned a home in the past,…

  • Which Mortgage Company For My Home Loan?

    How to select the right mortgage company for competitive rates. Choosing the right mortgage company…

Filed Under: Uncategorized Tagged With: buying a house, buying your first home, FHA Loans, FHA mortgage, how to buy sonoma county real estate, mortgage comparison shopping, purchase real estate, qualifying for a mortgage, Santa Rosa mortgages, sonoma county home buying, SONOMA COUNTY LOANS

Get Sonoma County Mortgages News and Updates in Your Inbox

Footer

SCM on Facebook

SonomaCountyMortgages.com

Connect on Facebook

SCM On Instagram

Follow Sonoma County Mortgages on Instagram

Follow on Instagram

SCM on Zillow

Zillow Reviews for Scott Sheldon, New American Funding

See Reviews on Zillow

Location & Contact

Sonoma County Mortgages and New American Funding are an Equal Opportunity Housing Lender

Scott Sheldon, Senior Loan Officer
NMLS ID# 287389
2455 Bennett Valley Road C107
Santa Rosa, CA 95405
1-707-217-4000
View SCM Map | Email Us!

Map of Sonoma County Mortgages New American Financing Office

View Map on Google

Copyright 2010–2023 SonomaCountyMortgages.com · About Us · Sonoma County Loans · Privacy Policy · Terms Of Use · Legal · Site Map

NMLS Consumer Access © New American Funding. All rights Reserved. NMLS ID#6606.
Corporate Office 14511 Myford Road, Suite 100, Tustin, CA 92780. We at New American Funding take great pride in our customer service and make it our number one priority. We encourage you to contact us for complaint resolution or any post-closing questions you may have regarding the servicing of your loan. We strive to have your experience with New American Funding a stellar one. In the rare case that our service did not meet your expectations, please call our customer care hotline at 1-800- 450-2010, ext. 7100 or you may contact us by email customerservice@nafinc.com. Please leave a detailed message and we will follow up with you no later than the end of the next business day. If you are using a screen reader or other auxiliary aid and are having problems using this website, please call 800-450-2010 Ext. 7100 for assistance.

State Licensing (Opens in New Window) | Privacy (Opens in New Window)
Terms of Use (Opens in New Window) | Electronic Consent Agreement (Opens in New Window)
Opens in new window Opens an external site Opens an external site in a new window