How to be an Attractive Home Buyer

Nowadays homes are receiving multiple offers from potential home buyers because inventory and interest rates are so low. Some homes will even get above asking price so be prepared to send in multiple offers when looking foe a home. Follow these tips to help you be the best looking home buyer.

Plan at least 4 months ahead of time before you plan to buy. Make sure your credit is up to par and that there is nothing on there that shouldn’t be and whatever you do, do not make any big purchases on credit or run up a credit card before you plan to buy a house. If the debt-to-income ratio is too high then you should pay down as much debt as you can before you take out a mortgage.

Set the price range you want to stay within. If you can only afford a $400,000 home, don’t look at homes that are $450,000. Since there is a less supply of homes, especially here in San Diego, you will not be able to compete with other buyers who are willing to pay full price.

The more cash you have, the higher your chances are of getting the home you want. Having 20% or more to put down on a home is ideal and it makes you look more financially secure and appealing.

Get pre approved before you decide on the home. This way when you do put in an offer you have a pre approval letter backing up what you’re offering.

Don’t have a bunch of contingencies, standard one’s are usually ability to get a mortgage, the appraisal and the home inspection. if you pile on more stuff then expect the seller to be less interested.

Last but not least, add a personal touch. Send the seller a letter explaining why you want to buy the house. There’s nothing wrong with reaching out to the seller, as long as you aren’t too pushy.


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