to the asking price is often necessary. One tip: find out why the owner is selling. You may uncover a motivated seller who needs to move quickly and could be more willing to accept a lower- than-asking-price offer.
DON'T Be Surprised by Multiple Offers.
Expect competition, especially in a seller’s market. Other buyers may be interested in the same home, picturing themselves living there. Sellers often consider multiple offers simultaneously and will choose the one that’s best for them—not necessarily for you. So how do you make your offer stand out? • Be financially prepared: Include your lender's information so the seller can verify your financial strength, or have your lender contact the listing agent directly on your behalf. • Bid close to the asking price: Especially in a seller’s market, putting in an offer near the asking price can save time in the counteroffer process. • Review your contingencies: Consider what you might be willing to concede. Fewer stipulations make your offer more appealing. Ask your lender if shorter time periods for appraisal and loan approval are possible. • Keep your offer “clean”: Avoid too many requirements from the seller, making your offer straightforward and easy to accept.
DO Be Prepared to Walk Away.
Sometimes the smartest move is to walk away. Not every deal will work out, and that’s okay. If you’re making too many compromises or offering more than you can comfortably afford in retirement, it’s better to step back. Other homes are out there, 147
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