When Buying a Stephenville Home, Make Them an Offer They Can’t Refuse

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Stephenville homeownersWith rising home prices and more home buyers coming out of the woodwork due to the recovery of the housing market, the market is shifting from a buyers’ market to a sellers’ market, which means you’ll have some competition in buying a home. The best way to beat out the competition for your Stephenville, Texas dream home is to make the home seller an offer they can’t refuse. Here are some tips:

  • If you have the means to, pay cash. Cash transactions have gone up over 20% in the past year, according to the Chicago Tribune, and home sellers seem to prefer a cash offer. Why might they prefer a cash offer? If a home buyer shows up with cash, it shows that they are serious about purchasing the home and that they have the means to do so. Also, cash transactions have a much lower chance of falling through when dealing with real estate.
  • If paying cash isn’t an option for you and you have to get a mortgage, make sure to get pre-approved before you start looking at houses. Getting pre-approved for a loan by no means guarantees you a loan, but it will give you a budget of how much you could qualify for with your income and other aspects of your financial situation. Getting pre-approved also shows the buyer that you qualify for a mortgage and you’re serious about possibly purchasing the home.
  • Do your homework on the area. When looking to buy a Stephenville home, make sure to do your research on what homes are selling for in town and in surrounding areas so that you don’t end up paying over what houses usually go for in the area. Low-balling is a fatal mistake in home buying, but offering too much can also create financial trouble down the road.

For further assistance in buying your ideal Stephenville, Texas home, please get in contact with us. We have helped countless local home buyers and would love to add you to our list of satisfied customers.

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“Eric & Jamie Hayden were great to work with. They are very responsive and know the area well. They have a great team around them that made the process of selling very easy. We were out of state during the sale and they went above and beyond to assist in coordinating with us. Definitely recommend!”