Winning a Home in Our Hot Market
Here's how to make sure that your offer catches the seller’s eye.
How do you get your offer accepted? It all comes down to the financial aspects of your offer, and we don’t just mean the price.
In today’s market, the average home sells for 100% of the asking price. That statistic is for our entire Southwest Indiana market, so it will vary based on location and price. Homes between $200,000 and $300,000 in Newburgh sold for 102% on average, while homes in Evansville between $400,000 and $500,000 sold for only 98% of their list prices.
When you make an offer, our team of real estate experts can pull data like that. We can factor in the price point and location to determine what you’d need to offer to get the home for sure, have a shot, or look for a deal if you don’t care that much.
"You can’t make a lowball offer; those days are in the past."
For example, if you’re looking at a $200,000 house, you can’t offer $190,000 and expect to negotiate. Those days are in the past. You need to make a strong offer because you’ll likely be competing against other buyers.
However, price isn’t the only thing that matters. You need to consider the other financial aspects of the offer, like closing costs, home warranty, property taxes, and more. The selling agent will take all of these into consideration, so pay your own closing costs if you have the money. It makes your offer look better.
If you’re thinking about buying a house this year, we’d love to sit down with you and review these things. Just give us a call or email us. We’d love to answer any questions you might have too.