How to Make a Successful Offer in Today ’ s Housing Market
( StatePoint ) Prospective homebuyers can get encouraged by the current market . Nearly 68 percent of homes sales today are to individual buyers compared to 53 percent in 2011 when investor and cash deals were at their peak . Still , competition for housing is hot .
“ In a competitive market , your offer may be one of many . But you can take steps to increase your chances of success ,” says Chris
Bowden , senior vice president of HomeSteps , the real estate sales division of Freddie Mac .
The experts at HomeSteps and Bowden are offering homebuyers five important tips for making an offer in today ’ s market :
• Understand your finances . While it ’ s not nearly as fun as house hunting , fully understanding your finances is critical to helping you