So you’ve been searching for that perfect house to call a ‘home,’ and you finally found one! The price is right, and in such a competitive market that you want to make sure you make a good offer so that you can guarantee your dream of making this house yours comes true!
Freddie Mac covered “4 Tips for Making an Offer” in their latest Executive Perspective. Here are the 4 Tips they covered along with some additional information for your consideration:
1. Understand How Much You Can Afford
“While it’s not nearly as fun as house hunting, fully understanding your finances is critical in making an offer.”
This ‘tip’ or ‘step’ really should take place before you start your home search process.
As we’ve mentioned before, getting pre-approved is one of many steps that will show home sellers that you are serious about buying, and will allow you to make your offer with the confidence of knowing that you have already been approved for a mortgage for that amount. You will also need to know if you are prepared to make any repairs that may need to be made to the house (ex: new roof, new furnace).
2. Act Fast
“Even though there are fewer investors, the inventory of homes for sale is also low and competition for housing continues to heat up in many parts of the country.”
According to the latest Existing Home Sales Report, the inventory of homes for sale is currently at a 3.6-month supply; This is well below the 6-month supply that is needed for a ‘normal’ market. Buyer demand has continued to outpace the supply of homes for sale, causing buyers to compete with each other for their dream homes.
Make sure that as soon as you decide that you want to make an offer, you work with your agent to present it as soon as possible.
3. Make a Solid Offer
Freddie Mac offers this advice to help make your offer the strongest it can be:
“Your strongest offer will be comparable with other sales and listings in the neighborhood. A licensed real estate agent active in the neighborhoods you are considering will be instrumental in helping you put in a solid offer based on their experience and other key considerations such as recent sales of similar homes, the condition of the house and what you can afford.”
Consider ways of making your offer stand out! Many buyers write a personal letter to the seller letting them know how much they would love to be the new homeowners. Your agent will be able to help you figure out if there are any other ways your offer could stand out above the rest.
4. Be Prepared to Negotiate
“It’s likely that you’ll get at least one counteroffer from the sellers so be prepared. The two things most likely to be negotiated are the selling price and closing date. Given that, you’ll be glad you did your homework first to understand how much you can afford.
Your agent will also be key in the negotiation process, giving you guidance on the counteroffer and making sure that the agreed-to contract terms are met.”
If your offer is approved, Freddie Mac urges you to “always get an independent home inspection, so you know the true condition of the home.” If the inspection uncovers undisclosed problems or issues, you can discuss any repairs that may need to be made, with the seller, or cancel the contract.
Bottom Line
Whether buying your first home or your fifth, having a local professional on your side who is an expert in their market is your best bet to make sure the process goes smoothly. Give me a call and we’ll make it happen – J.P. Cook – 602-320-4253.
What’s Your Home Worth?
Search for Your New Home
6149 E Voltaire Avenue Scottsdale, AZ 85254
$3,525,000
5
Beds
5.5
Baths
5,055
SqFt
Status
Active
MLS #
6827295
Property Type
Single Family Residence
Price Type
--
NEW from Thomas James Homes with an opportunity to select some interior finishes during early stages of construction! Sitting in a highly desirable Scottsdale neighborhood, this beautiful 5 bedroom, 5.5 bathroom modern home is the definition of exceptional design. Wide plank wood flooring, wolf sub-zero appliances, custom lighting, stone and tile accents, modern fireplace, shaker cabinetry and a 4-car garage are just a sampling of the outstanding finishes going into the home. The large single story open concept floorplan is expertly crafted for modern living with a large interior courtyard leading to the home's entrance. Inside you'll find a large great room and luxury kitchen joined by a large quartz countertop T- island and double dishwashers. The grand suite hosts a large his and hers walk-in closet and a spa like bathroom with a freestanding soaking tub and walk-in shower. The secondary bedrooms throughout the home have en-suite bathrooms. In addition to the bedrooms, you'll find ample added living space with a private office and a kitchen prep area adjoining a bonus room and a game room. Laundry room features double stack W/D hookups. Home will feature fully landscaped front and back yards with a pool and spa, providing great Arizona outdoor living space. This home is minutes from dining, shopping and more. Expected completion date of mid 2025.
1519 E Treasure Cove Drive Gilbert, AZ 85234
$3,525,000
4
Beds
5
Baths
6,141
SqFt
Status
Active
MLS #
6810649
Property Type
Single Family Residence
Price Type
--
Discover the epitome of refined living in this breathtaking waterfront estate! Nestled in the prestigious West Lake Estates, and the first time ever on the market, this Interior Designer's personal residence offers a perfect blend of sophistication, comfort, and unparalleled design aesthetic. This is more than a home, it is a statement of elegance, offering one of the finest living experiences in the valley. Take in all of nature's splendor with our beautiful AZ sunsets in this impeccably designed, sprawling estate, with it's unique 1/4 mile water view vantage point. This estate home boasts four expansive bedrooms and 5 beautifully appointed bathrooms. The chef inspired kitchen; a beautiful and functional masterpiece featuring top-tier appliances by Thermador, custom high-end cabinetry, double islands, and the heart of all the home's activities; all while capturing the amazing lake views! You will find multiple, expansive patios offering several places to dine, relax and enjoy the sparkling negative edge pool and spa, ideal for relaxing and enjoying the lifestyle that only Val Vista Lakes provides. Every detail in this estate has been meticulously designed including designer wall features, exquisite lighting, and sophisticated, artisanal finishes that exude timeless elegance with comfortable appeal. Car lovers rejoice, this home offers a rare, oversized 4 car garage so bring your toys! Val Vista Lakes, a pinnacle lifestyle destination in the valley of the sun offers lakes, tennis, pickleball, sport courts, walking paths, swimming pools and a full clubhouse brimming with amenities, clubs and social opportunities. Just steps away the community provides churches, schools and a vibrant dining and shopping experience. Don't miss this once in a lifetime opportunity to own one of the most beautiful homes in the valley and experience the lifestyle you deserve!
25564 N 119th Street Scottsdale, AZ 85255
$3,500,000
3
Beds
4.5
Baths
4,330
SqFt
Status
Active
MLS #
6728699
Property Type
Single Family Residence
Price Type
--
Move-In Ready! Pool, landscaping included in price. This STUNNING plan with award winning design in a gated community can be yours at Toll Brothers at Ranch Gate Estates! Generous 65,600 sqft (estimated) home site size. This Mariola home design boasts dramatic ceilings up to 12' tall with 3 bedrooms, 3.5 bathrooms, a primary retreat, a flex room and an added bonus room. The dramatic interior courtyard welcomes great opportunity for indoor/outdoor living and the perfect ambiance to entertain family and friends. Two sets of large stacking doors off the dining room along with a 90-degree corner sliding door at the great room welcome a light-filled home along with bringing views to the outdoor living from all angles inside the home. Close proximity to the McDowell Mountains.
11970 S Blue Bell Road Mayer, AZ 86333
$3,500,000
3
Beds
2
Baths
1,406
SqFt
Status
Active
MLS #
6628769
Property Type
Single Family Residence
Price Type
--
There are four wells located on the property The site has one main house and four smaller homes. (1400sqft Main House) Over 60,000sqft of covered horse facilities. Includes an enormous indoor covered show ring 36,000sqft, an outdoorshow/roping ring, two paddocks for horses, a hot walker and open land available for growing feed for crops In Mayer, the summers are hot, dry, and mostly clear and the winters are cold and partly cloudy. Over the course of the year, temperatures vary from 31°F to 92°F and are rarely below 23°F or above 99°F. 70 miles north of Phoenix
41686 N 110th Way Scottsdale, AZ 85262
$3,500,000
5
Beds
5.5
Baths
5,163
SqFt
Status
Active
MLS #
6801050
Property Type
Single Family Residence
Price Type
--
Full Golf Membership available from seller. Spectacular outdoor living defines this magnificent home. Situated in the Apache Peak village at Desert Mountain this home backs to natural area open space and offers sparkling city lights, famous Arizona sunsets and mountain views. Enjoy the stunning views from the outdoor fireplace, fire pit or just relax underneath the covered patio with the ceiling heaters. No shortage of opportunities to enjoy the outdoor living. Inside enjoy three en suites on the main level, an open great room floor plan with no steps and a fourth bedroom/study upstairs with it's own balcony with views of Apache Peak and the Continental Mountains. The casita is detached and makes the 5th bedroom complete with a separate living room and kitchenette. Truly a must see! Home is being offered with the following items included with a mutual accepted contract between buyer and seller: All furniture, all patio furniture, rugs, lamps, art, electronics, tv's.
8635 N Tatum Boulevard Paradise Valley, AZ 85253
$3,500,000
6
Beds
4.5
Baths
4,817
SqFt
Status
Active
MLS #
6774272
Property Type
Single Family Residence
Price Type
--
Breathtaking Paradise Valley retreat that has been meticulously transformed into a modern sanctuary, epitomizing the essence of contemporary elegance. This residence has undergone an extensive renovation, seamlessly blending sophistication with the allure of Arizona's outdoor lifestyle. The home is designed to captivate with its emphasis on clean lines, abundant natural light, and a layout crafted to optimize the joy of indoor/outdoor living. The property boasts a newly added heated pool, spa, and a pristine white travertine deck, creating a picturesque oasis perfect for entertaining as well as a new roof added in 2023. Meticulously landscaped surroundings, which include a barbecue area, hardscaping, in-ground trampoline, bocce ball, and a putting green. Modernized interior includes custom artistic wall coverings, sensational matte black flat-panel kitchen cabinets with warm wood elements and stainless steel appliances along with no grout lines metallic stained concrete floors. Primary bedroom with exit to relaxing spa is an utopian escape with zen spa-like bathroom and grand closet. Total 6 bedrooms 4.5 bathrooms plus an office, 3 car garage with Tesla electric charger, RV gate, plus plenty of additional parking. Straight line 10 miles to Phoenix Sky Harbor Airport. Across the street from hiking/biking trail! Perfect for Airbnb or VRBO! NO HOA! No short-term rental restrictions in CC&R's. Can be sold turnkey!
25556 N 113th Way Scottsdale, AZ 85255
$3,500,000
5
Beds
5.5
Baths
7,875
SqFt
Status
Active
MLS #
6816455
Property Type
Single Family Residence
Price Type
--
Exquisite Custom Estate with Breathtaking Mountain Views! Nestled in the heart of Troon, this Architectural masterpiece is designed for those who appreciate luxury, privacy, & the beauty of the Sonoran Desert. The gourmet kitchen feature's top-of-the-line appliances, custom cabinetry, and a sprawling island. Formal Dining that's perfect for Family gatherings. The expansive master suite is a retreat unto itself, offering a serene sitting area, a cozy fireplace, and private patio access. The spa-inspired master bath is a sanctuary of relaxation, complete with a fireplace, luxurious soaking tub, and an oversized walk-in shower & customized closets. Designed for both recreation and rejuvenation. The home features Theater room, exercise room. Downstairs Wine room, wet bar & kitchenette The view deck is the perfect place to unwind and take in the mesmerizing views to Four Peaks and sweeping Mountain Vistas. With impeccable craftsmanship and an unbeatable location in Troon, this extraordinary Estate offers the ultimate in Luxury Living.
10238 E Rising Sun Drive Scottsdale, AZ 85262
$3,500,000
5
Beds
4.5
Baths
4,240
SqFt
Status
Active
MLS #
6824856
Property Type
Single Family Residence
Price Type
--
Beautiful single level home at Desert Mountain. Built by Mortenson Signature Homes this open great room floorpan with no interior steps offers four ensuite bedrooms, and an additional study/office. The kitchen features top of the line appliances, walk-in pantry and large dining area. Two of the main bedrooms offer quick access to the sprawling backyard which features a heated pool, spa and built in bbq. In addition enjoy a gas fire feature that has ample room for many to enjoy comfortably. Fabulous views of mountains and classic Arizona sunsets. Ideally located with quick access to the main gate, the new Renegade clubhouse and the Sonoran Fitness Center and Spa. All furniture is available by separate agreement.
3933 E Rancho Drive Paradise Valley, AZ 85253
$3,500,000
1
Bed
1
Bath
884
SqFt
Status
Active
MLS #
6818193
Property Type
Single Family Residence
Price Type
--
The property boasts stunning, uninterrupted views of Camelback and Praying Monk Mtns. The previous home was demolished, leaving an oversized 3-car garage and a 884 +/- sq.ft. guest home sitting on over 1.2 acres. You can live in the guest home while building your dream house. The modern guest home has one bedroom but can be converted into a two-bedroom home, with one bathroom, a full kitchen, laundry, and separate parking (built in 1994). This beautiful corner lot, featuring desert landscaping, has a heated pebble tech lap pool & spa, a labyrinth, & a lovely lounging area to enjoy the breathtaking Arizona sunsets. The property is located in the heart of P.V, close to major shopping, dining, hiking and biking trails &commute routes.
4195 S Pack Saddle -- Flagstaff, AZ 86005
$3,500,000
6
Beds
5
Baths
5,413
SqFt
Status
Active
MLS #
6789477
Property Type
Single Family Residence
Price Type
--
Welcome to your dream retreat nestled in the prestigious Flagstaff Ranch community, perfectly positioned on the 9th and 10th fairways. This stunning six-bedroom, five-bathroom cabin offers a seamless blend of rustic charm and modern luxury, creating the ultimate sanctuary for relaxation and entertainment. The heart of the home is a breathtaking chef's kitchen, where naughty alder pine cabinets stained in a rich gray tone complement the thick, one-of-a-kind stone granite countertops. This space is a culinary artist's paradise, complete with high-end appliances and ample room to create and entertain. Just steps away, the wet bar awaits, featuring two wine fridges and an ice maker, making it ideal for hosting gatherings. The main level boasts a serene master suite with an office just steps away, creating the perfect space for work or relaxation. Step out onto the walkout deck, where a luxurious spa invites you to unwind while soaking in the tranquil surroundings. Upstairs, three spacious bedrooms, two bathrooms, and sitting area and another walkout deck provide a haven for guests or family members.The lower level is designed for entertainment, offering a full game room equipped with TV and electronic projector screen, an additional bedroom, and a full bathroom. Whether hosting game nights or enjoying quiet evenings, this space delivers endless possibilities. The cozy stone fireplaces alongside the travertine tile, create a cozy and sophisticated ambiance. The floor to ceiling windows out onto the expansive deck, complete with in-ceiling radiant heat, offers unparalleled views of the 10th fairway and the majestic mountains beyondperfect for year-round enjoyment. Every detail of this home exudes quality and thoughtful design. The furniture is available, allowing you to move in effortlessly. Experience the best of Flagstaff Ranch living with this extraordinary property. Its a rare opportunity to own a piece of paradise in one of Arizona's most sought-after communities. Come tour this one of a kind property today and discover the lifestyle you've always dreamed of!
6527 E El Sendero Road Carefree, AZ 85377
$3,500,000
4
Beds
4
Baths
5,843
SqFt
Status
Active
MLS #
6783146
Property Type
Single Family Residence
Price Type
--
Villa Sorgenfrei invites you to discover its charm. At first glance, it appears modest, but as you step through the hand-carved front door, a grand reveal awaits: an expansive living room with soaring, beamed ceilings, Saltillo tile floors, and a wall of windows framing a stunning gas fireplace. You're immediately drawn toward the windows, which offer a sweeping view from Pinnacle Peak to Camelback Mountain, stretching out to the stadium and beyond. Enjoy sunsets, city lights, and mountain vistas from both inside and on the spacious covered patio. A terraced backyard is adorned with desert plantings and is complete with a heated pool and spa. The custom-designed kitchen is a chef's dream, featuring high-end Gaggenau and Dacor appliances, copper sinks, an oversized island, and vaulted ceilings and decorated with Tabarka tile. Dine in the kitchen's cozy breakfast nook or in the window-lined dining room, beautifully set between arched doorways. For seamless entertaining, the custom bar is equipped with a wine station and beer tap with a striking custom copper tower and cabinetry crafted from Arizona Mesquitealso featured in the kitchen's hood mantle, the living room's fireplace mantle, and the office built-in. The office is both functional and inviting, featuring a Murphy bed making it an ideal guest room. Adjacent is a beautifully tiled ¾ bathroom with authentic Mexican tile, a custom vanity, and copper fixtures. The primary bedroom is a serene retreat with vaulted ceilings, large windows facing the south, and ample natural light. It includes two walk-in closets and a luxurious primary bath, completing the west side of the home. A third bedroom is set apart from the rest for maximum privacy, featuring an en-suite bath with Mexican tile, a custom vanity, and a hand-painted sink. Throughout the home, designer-selected lighting fixtures add unique character, chosen during the thoughtful remodel in 2018-19. Guests will enjoy the detached casita, complete with its own kitchen, living area, bedroom, bathroom, and a private deck for relaxing in solitude with panoramic views. A one-car garage adds both convenience and charm for guests. Quintessential Carefree awaits. (Main house has 3 steps in from garage and no other interior steps. Casita is all one level.)
7780 E Vaquero Drive Scottsdale, AZ 85258
$3,500,000
7
Beds
9
Baths
8,460
SqFt
Status
Active Under Contract
MLS #
6762399
Property Type
Single Family Residence
Price Type
--
Welcome home to Gainey Ranch - A guard gated oasis of lush vegetation, convenient shopping, a variety of dining, 27 holes of golf, and active lifestyle amenities such as an indoor gym, sports courts, and a lap pool, all at your doorstep. This gated estate is perfectly situated along the Arroyo golf course on an acre lot, with panoramic golf course and Mummy mountain views. Perfect for car collectors or large families, this home features an 8-car garage (all w/ room for lifts), an attached guest casita with 3 bedrooms and kitchen, as well as a kids wing with 3 ensuite bedrooms, ideal for multi generational living. As you enter the home, a wide wall of floor to ceiling windows draws your eye out over the sparkling blue pool to gently rolling emerald fairways. The expansive layout with bright, airy rooms, offers a variety of living and entertaining options: from the intimate private office, to separate wings for children and/or guests, to the sprawling formal living area, to the cozy open floor family/breakfast room and kitchen. Enjoy the primary rooms' elevated, unobstructed view of the luscious golf course and rugged mountains. The primary suite encompasses a large bedroom, sitting area, wet bar, laundry room as well as His & Hers closets, His & Hers bathrooms, His & Hers showers, AND His & Hers vanities. With easy access to premier amenities, matched with a unique yet highly desired layout - this spacious home embodies Scottsdales vibrant lifestyle full of luxury and leisure.