Is it time to submit a home purchase offer?

by TEAM Metrowest 03/17/2024

Major signs it's time to submit a home purchase offer featured image

After conducting an in-depth home search, you may find a property fitting your needs and homebuying goals. Ultimately, there are a few significant signs to note which can indicate a great time to put in an offer, and knowing what these signs are can put you ahead of the competition. 


You find a house matching or exceeding your expectations

If you view a home and find it aligns or even exceeds your homebuying goals, this may be a sign to take the plunge with an offer to purchase.  

Consider factors such as the space and square footage, location, if it has the HOA community of your preference and more. 


You're operating in a sellers market

If you’re buying in a fast-paced market, it may be best to act quickly to secure the home of your dreams.  

A seller's market typically features a shortage of high-quality homes and an abundance of homebuyers. Acting quickly is needed to secure housing, so working with your real estate agent, you may need to form a competitive offer letter to stand out from the crowd. 


You're facing a time crunch

If you must move into a new home quickly, you may want to consider working with a real estate agent to map out a homebuying strategy, so you can efficiently find a home of your liking and turn in an offer letter.  

This may include figuring out what you’re searching for in a home, including the number of rooms needed, yard space, location and other aspects.  

Working with your real estate agent, observing the market and understanding your goals can help you figure out if it’s the right time to put in an offer to purchase.


About the Author
Author

TEAM Metrowest

The professionals you want on your team.

Consummate professionals who take your business seriously, this dynamic team employs thirty years of leadership, mentoring and management to adeptly serve their real estate clientele. Nicole and Robin, better known as TEAM Metrowest, have been a top producing team since their entry into real estate in 2009 with over 350 homes sold in over 70 cities and towns throughout the greater Boston and Metrowest areas.  Clients can count on prompt communications and a focus on details from a TEAM that cares as much about their client’s goals as they do about making a sale. In a business reliant upon referrals and repeat business, TEAM Metrowest prides itself on over 90% of their business coming directly from past clients.