4 Tips to Win the Bid for Your Naperville IL

Dream Home

4 Tips to Win the Bid for Your Naperville IL Dream Home

Naperville homes are in demand and sellers are getting bids from several homebuyers. If you like a property and think that it is priced well, chances are, you won’t be the only interested buyer. Make sure you have the best chance to win the bid for your Naperville dream home with these amazing tips:

4 Tips to Win the Bid for Your Naperville IL Dream Home

Get pre-approved. Ideally, you have to get pre-approved for your mortgage 3 or 4 months before you begin your search. A bank’s pre-approval means that your income and credit score were verified and that you can afford to pay the mortgage for certain amounts. In this competitive housing market, some sellers are only allowing buyers with pre-approval to view their property. Attach an up-to-date copy of the pre-approval letter with your offer.

4 Tips to Win the Bid for Your Naperville IL Dream Home

Keep contingencies short and reasonable. Although most sellers prefer offers with no contingencies, it is unwise to waive them. Contingencies can provide protection if you want to cancel the contract without penalties. Always include a home-inspection contingency, but with an assurance that you’ll get it done immediately. That way, you can easily back out of the deal if the cost of repairs goes way over your budget.

4 Tips to Win the Bid for Your Naperville IL Dream Home

Find out the seller’s motivation. Price is not always the number one reason the seller selects an offer. Enlist the help of your REALTOR® to find out what really motivated the sellers to put their Naperville IL home on the market. Make your offer suitable to meet their needs and timelines.

4 Tips to Win the Bid for Your Naperville IL Dream Home

Make your best offer now. This may be the only chance you have to get the home of your dreams so make the best offer. A well-priced home in good condition will certainly attract many offers. If you hold back, you may lose the property to another buyer.

4 Tips to Win the Bid for Your Naperville IL Dream Home

This is a great time to finally purchase the home for sale in Naperville IL that you’ve been dreaming of! Work with your trusted REALTOR® to negotiate the right price and contingencies so you can get the home you have fallen in love with.

If you need help in buying one of those lovely Naperville IL homes for sale, or for any real-estate related concerns, call Teresa Ryan at 630-276-7575. Teresa Ryan is the owner/broker of Ryan Hill Realty.