How to make the best offer on a house in 2023
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- Опубліковано 19 січ 2023
- Looking to buy a house in Orange County in 2023? Then this video is for you! In this tutorial, I will cover everything you need to know to make a competitive offer on your dream home. From understanding the current housing market and identifying the right price to negotiating with the seller, I will give you the tips and tricks you need to make the process as smooth and successful as possible. Whether you're a first-time homebuyer or a seasoned pro, this video is a must-watch for anyone looking to buy a house in 2023. Don't miss out, subscribe to my channel for more real estate advice and tips!
To book a discovery call with me to discuss the market in your area, your goals, or anything else related to real estate click the link below: calendly.com/joshalexanderrea...
Josh Alexander
THE brokeredge
JoshAlexanderRealEstate@gmail.com
714.366.2186
DRE#:01974435
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Love the way you present this and your "discovery call" offer, sounds more fun than a consultation! :D
thanks for the feedback, and thanks for watching 🙂
You've earned this 👍 my friend 🙏 thank you for your wisdom
I appreciate that, thanks for watching!
Hi thanks for the great information since I started following your channel I have been learning a lot.
Hope to be able to buy a home by 2024 or 5
Keep up the good work 👌
Glad to hear Ardeshir. If there is ever a topic you want to hear more about let me know 🙂
Thank you very much. Very informative. I'm an agent always looking to learn.
Thanks for watching!
I extremely like the video, man. Very helpful and informative. Thank you very much. It is presented so well too. Great, positive work.
Glad it was helpful!
When looking at the house contact the listing agent they have influence over the buyers and they want to list and sell to get double Commission. If you make an offer they are more likely to convince the owner to take your offer
You could do that in some states but more and more places are making that illegal because you have the agent who has a fiduciary duty to look out for the best interest of the seller now also advising the person who is buying the home as well and the buyer is usually the one that gets taken advantage of because of this. I hope they make it illegal here in CA soon as well but until then, make sure you look into the pros and cons of dual agency before going that route.
Thanks for this, trying to navigate dealing with my buyers agent and a FSBO seller and getting an offer made soon
No problem, thanks for watching!
Thank you so so much I am a first buyer and I want to understand before putting an offer.
Glad it was helpful! Definitely check out my first time home buyer webinar that I recently posted to get a step-by-step guide on how to buy your first home and if you're in the Orange County or surrounding area feel free to give me a call or text if you have additional questions.
Thank you for the information.
No problem! Thanks for watching!
Very nice tips. Thank you
You're welcome! Thanks for watching 🙂
Great tips!
Glad it was helpful!
This was great 👏🏼👏🏼👏🏼
Thanks for watching!
Thank you so much for the information
Thanks for watching!
The preferred lender that I’m under contract now offered free rebounded rate and five years free of charge refinancing fee. Have you heard anything like this for getting new home?
Thank you
you're welcome, thanks for watching!
What questions should I have my realtor ask?
Thanks for the question! I’m assuming here that you’re asking what questions should your agent ask the selling agent? If so here are a few: 1) what is important in the offer to you’re seller besides the price? 2) does the seller need to find a new home before they can sell this one? 3) is your seller looking for a quick escrow or longer one?… Any reason? 4) what other offers do you have and can you tell me anything about them? 5) does my buyer need to cross qualify with one of your lenders when submitting an offer. Those are a few key questions, hope that helps!
I been looking for 3 months now and nothing i put an offer 3 times and didn't get it i go 40k or 50k above the asking price and 20 percent down payments and good loan but I still didn't get it ? 😢
Not sure what area you’re from but here in Southern California unfortunately this is becoming common place again. Are you already using the strategies outlined in the video as well?
Yes i am , Thank you for taking the time to answer. I really appreciate it, and yeah, I am in delaware it's going crazy am about to give up.
It definitely can be emotionally exhausting to go through over and over again. I would say if you can try and stick it out through summer if possible typically demand drops slightly as people go on vacations and other distractions set in and at the same time inventory tends to build up so you might be able to find a sweet spot in the market soon.
Did you get to buy the house? I am in Delaware and I am afraid that happens to me. May I know what area were you looking into. Sussex county here.
I’ve used a letter to the seller telling them why their home is so special to me.
Thanks for the feedback! Cover letters or "love letters" can absolutely help your offer stand out. Two things for anyone using these to remember. 1) Going back to the topic of making sure you talk to the listing agent. If you find out that the owner is an investor and not the primary resident, those letters often don't work quite as well as the seller often won't have the same emotional attachment to the house and are more focused on the bottom line, unless they previously lived there before converting it to a rental. 2) With the very strict CA laws around discrimination, most brokers are now recommending that their seller clients not look at these letters because they can open up a bunch of liability for the seller based on protected classes so I would expect these type of letters to eventually not be allowed which has already happened in a few states. But you might as well use them while you can if you're a buyer!
Yes, love letters in Georgia are no longer accepted.
give them more!!!!! who knew, a realtor tell you to pay more.....smh!
No one wants to pay more for a house but in some situations it could make sense for the buyer. The longer a person plans on being in the home they purchase the less risky it is for them to offer a higher price because in the long term home values have always gone up. However, 2 reasons you should never pay more for a home: 1) The buyer can barely handle a payment for the home now but are banking on interest rates falling and refinancing in the future to lower their costs to make it more affordable. Although likely you can never bet on rates going down in the future as a justification of buying more than you can afford now 2) If they are only planning on using the home for less than 5 years. There can always be downturns in the market and if you own less than 5 years you are putting yourself in a risky position if prices do fall short term because you most likely won't have much equity in the home for those first few years. However, if you are holding the home long term, if the market goes down it doesn't impact you month-to-month as your payment is locked in and stays the same. Eventually things level out and the market continues it long term upward trend and you'll be fine.
@@JoshAlexanderRealEstate 🤣🤣🤣
7.75% interest these days. How about changing the strategy from over pricing to selling.
Depending on your area, because supply is so tight, as long as it’s priced at market value it will continue to sell. Right now most homes in OC are still selling in less than 50 days.