When buying a home in Charlotte NC, making an offer to purchase a Charlotte NC home for sale is a huge step. The step that can lead to a contract and then the critical contract-to-close process of buying a home in Charlotte NC.
Taking that step of offering to buy a home in Charlotte NC shouldn’t be done lightly or “just because”. You should be ready, confident and prepared to take that step of making an offer to buy that Charlotte NC home.
Some signs that you’re NOT ready to sign and make an offer to buy that Charlotte NC home:
1. You haven’t submitted your documentation to your mortgage professional. Having a piece of paper that says you’re “qualified” for a home purchase is worthless if you haven’t actually provided documentation to your mortgage professional. A pre-qualification or even pre-approval that has a laundry list of info the buyer still needs to submit is going to raise a HUGE red flag to the seller and immediately weakens your position as a buyer. It’s absolutely worth taking the time to get the mortgage process started and well underway before ever making an offer to buy a home in Charlotte NC. (If a mortgage professional tells you to go find the house first….find another mortgage professional)
2. You don’t have an earnest money deposit. If you don’t have funds waiting and available for you to include an earnest money deposit with your offer to purchase that Charlotte NC home for sale, there may be some deeper issues going on. While an earnest money deposit isn’t required, it’s a show of good faith to the seller that you’re serious, ready to buy, and if it’s an issue of literally not having any funds to offer an earnest money deposit…in all seriousness: what makes you think buying a home in Charlotte NC is really a sound decision for you at this point in time?
3. You have a lease that ends in 4 months or more. Unless you’re ok with and prepared to pay BOTH your rent and a mortgage, now’s not the time to be making an offer on a Charlotte NC home for sale! Yes, contract-to-close times have increased recently but they’re nowhere near 4 months (45-60 days is more typical).
4. You have a house you must sell first (and it’s not even listed for sale yet). Right off the bat, wanting a contingency on the sale of your current home weakens your position, it’s a concession and a pretty big one at that. Wanting a contingency on the sale of your house and it’s not even on the market? I’m sure the sellers will just love that idea.
5. You’re not sure about the house. If something doesn’t feel right or you have reservations about a particular Charlotte NC home for sale, it’s ok to pay attention to that feeling. You shouldn’t make an offer to buy a house you’re unsure about or have doubts as to whether it’s the right one for you.
When buying a Charlotte NC home for sale, the offer is a big deal. It’s the turning point and gateway from “searching” to getting on the contract to close highway. Making an offer to purchase a home in Charlotte NC shouldn’t be taken lightly and you the buyer should be ready, confident and prepared when the time is right for you.
I could help clients make offers all day long, but it’s not about making offers. My goal is to help my buyer clients successfully navigate the home buying process – the ENTIRE home buying process, not just sending in an offer on any given home for sale in Charlotte NC.
Related Articles: One Question Every Home Buyer MUST Ask Their Mortgage Professional!!!
Copyright©2009 by Diane McDermott, All Rights Reserved, “5 Signs You’re NOT Ready to Sign an Offer to Buy That Charlotte NC Home”