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10X Your Home Buying Game: How to Put an Offer on a House Like a Boss

real estate investor putting in offer on house


Alright 10Xers! It's time to level up your real estate game and turn your dream of owning a home into a reality. In this no-nonsense guide, I'll show you the ins and outs of how to put an offer on a house like a boss. From dominating the market research to crushing negotiations, I've got your back. So, strap in and let's get you into that dream home!

1. Market Domination: Master the Art of Research


real estate investor on computer studying how to put in offer on house

Crush The Comps

To 10X your offer, you need to know your market inside and out. Research recently sold homes in the neighborhood (the comps) that are similar to the one you're after. Take note of their selling prices and how long they were on the market to show you mean business.

Get The Scoop On Market Trends

Stay ahead of the game by keeping an eye on market trends. Know whether it's a buyer's or seller's market to strategize your offer like a pro.

2. Financing Like a Boss: Secure the Bag


Get Pre-Approved

mortgage pre-approval on clipboard on table

Before making an offer, secure mortgage pre-approval. Show sellers you're a serious buyer and can back up your offer with cold, hard cash.

Set Your Budget And Stick To It

Determine your budget, factoring in extra costs like closing fees and taxes. Stay within this budget when making an offer to avoid rookie mistakes.

3. The Perfect Property: Find Your Home Run


Get Software The Pros Use

real estate investor using investing software on laptop

If you want to find the same deals the pros find, you need to use the same tools the pros use. Realeflow is the investing software of choice for real estate investors everywhere - it comes with comping tools, a CRM, email templates, direct mail templates - and it’s all powered by Ai.

Keep Your Eye On The Prize

Create a list of must-have features for your dream home, and don't settle for anything less.

4. Unstoppable Offers: Craft a Proposal They Can't Refuse


Name Your Price

Based on your market research and budget, determine a fair offer price. Be ready to adapt your offer depending on the competition and the seller's motivation.

Lay Down Your Terms

Include contingencies like home inspection, appraisal, and financing to protect yourself and make sure you can walk away if things go south.

5. Seal The Deal: Negotiations And Counteroffers


Embrace The Counteroffer

Expect counteroffers and remember that negotiating is all part of the game. Keep your emotions in check and stay focused on the end goal.

Stay Cool And Be Flexible

Be open to compromise and adjust your terms if necessary. Maintain open communication with the seller to increase your chances of success.

6. Bring It Home: Finalize Your Offer Like a Champ


Scrutinize The Contract

real estate investor scrutinizing home counteroffer

Review the final contract carefully to ensure it accurately reflects your agreement.

Consult your real estate agent or an attorney if you have any concerns – don't leave anything to chance.

Show Your Commitment With Earnest Money

Prove you're the real deal by depositing earnest money into an escrow account. This shows the seller you're committed and serious about closing the deal.

Celebrate Your Victory

Congrats, 10Xer! You've mastered the art of putting an offer on a house. Take a moment to relish in your success and get ready for the next steps in your home-buying journey.

3 More Tips To Remember…

7. Assemble Your Power Team: Professionals You Need on Your Side


Consult A Legal Eagle

When things get complex, don't hesitate to consult a real estate attorney. They'll help you understand the legal ins and outs of your contract, ensuring you're protected every step of the way.

Numbers Is Data - Data Is Power

Make sure you get an accountant well-versed in real estate dealings. They understand deals and the market, and they can be one of the biggest influences on whether a deal is “go or no-go”.

8. Timing Is Everything: Make Your Move at the Right Moment


Keep Your Eyes on the Days on Market (DOM)

Monitor how long a property has been on the market to strategize your offer. If it's been sitting for a while, the seller may be more open to a lower offer. If it's fresh on the market, be prepared to bring your A-game.

Uncover The Seller's Motivation

Find out why the seller is looking to move. If they need to sell fast, they may be more open to negotiation. Use this intel to your advantage and tailor your offer accordingly.

9. Make Your Offer Unforgettable: Stand Out from the Crowd


Win Them Over With A Personal Letter

To make your offer stand out, write a heartfelt letter to the seller. Share what you love about their home and why it's perfect for you. Create an emotional connection that'll make your offer hard to forget.

Flex On Closing Dates

Offer flexibility with your closing dates to make your offer more attractive. Show the seller you're willing to work with their timeline to make the deal happen.


The Takeaway:

Mastering the process of how to put an offer on a house is a crucial skill for any 10Xer looking to dominate the real estate game. By researching the market, securing financing, finding the perfect property, crafting an unbeatable offer, and negotiating like a pro, you'll be well on your way to scoring your dream home. 

And your partner in this journey? Realeflow. With an all-in-one tool suite, we’re there to help you find and close bigger, better deals. Grab a 7-day free trial of Realeflow’s software suite here!

So, what are you waiting for? Get out there and start making moves!