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Securing a Deal After an Open House

Ways to Make Your Offer More Appealing

Now that temperatures are getting warmer, you may be tempted to go out and explore the real estate market by attending a few open houses. While it is always recommended to get a personalized tour with your realtor, J.Christopher Real Estate Group would like to share how you could be better prepared if you find your dream home during one of those house hunting expeditions.

“At the height of the current real estate market, homes were being removed from listings within 7 days because there were so many interested buyers. That’s still largely the case for homes that are priced right, and have high-end features,” said Jarrod C. Lewis, owner of J.Christopher Real Estate Group. “If buyers don’t have a clear strategy, they can lose out to someone who was more prepared.”

The latest figures from the Rhode Island Association of Realtors suggest the current real estate market remained healthy with some dips in sales. Specifically, the association saw 775 single family houses sold in Rhode Island for December 2018, which was a 15.6 percent drop in the number of homes sold from the same time last year. They noted the drop might be attributed to the government shutdown that began on December 22. However, the median price of homes increased to $265,000.

These findings lend support to Lewis’ view that single-family homes remain attractive for many families in Rhode Island. If you find yourself completely in love with the home you’ve recently visited, J.Christopher Real Estate encourages buyers to review our tips to help you make a more compelling offer.  

Enlist the Support of a Realtor

Home buyers need someone who has their back during the home buying process. A J.Christopher Real Estate agent can give buyers valuable feedback that could help you drop the listing price, or could help speed up the process. 

Have a Preapproval Letter Ready

A preapproval letter shows buyers that you are financially suited to buy a home, which decreases the likelihood the financing will fall through at closing. If you are serious about purchasing a specific home, it will be a positive development if you could present this document.

Know Your Highest Bidding Price, and Be Ready to Walk Away

In a hot market, buyers might only get one chance to make an offer on a home. It is important that you make an offer that you are comfortable with, and can confidently walk away from if there are multiple offers.

Submit an Offer as Soon as Possible

An open house could create a false sense of urgency, but homes with a lot of visitors are more likely to have an offer submitted. If you cannot imagine living in another home, consider moving the process as quickly as possible because you could be competing with other buyers.

Make reasonable contingencies, and have your finances squared away

When an offer is being made, buyers and sellers can have contingencies made that protects both parties’ interests. Contingencies might include an in-faith deposit or an opt-out if an inspection reveals costly repairs are needed. Since contracts are being signed at this stage, buyers should make every attempt to honor their commitments.

J.Christopher Real Estate Group has helped countless families acquire their dream homes. Call 401.830.6906 to begin scheduling tours, and to have a dedicated real estate agent support you in your home buying search.

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About Us

Built for people like us.
Licensed in Rhode Island, Massachusetts and Connecticut, J.Christopher Real Estate Group is the go-to real estate solution for people who value hard work and results. Whether you’re a first-time buyer or you’re selling your long-time family home, you’re always our top priority because you’re our client.

Led by Jarrod Lewis, J.Christopher Real Estate Group is a team of professionals working to provide our clients with personalized customer service backed by years of trusted, industry experience.

We treat people like we expect to be treated, and we understand the value of hard work. This means we will be there for you at night and on the weekends to answer your questions and guide you through the process.

Testimonials

Jarrod and his team were incredible. We worked with Jarrod and Lori on purchasing our first home and it was by far the best experience working with anyone on anything, I've ever had. I was confident knowing they were taking care of us throughout the home buying experience, and even now, after purchasing our home,

Justin Lizotte

We recently closed on our house last week and let me tell you how FLAWLESS and EFFORTLESS the process was with Jarrod's team! This was our first ever home buying experience and I am not sure what people say is so "tough" or a "nightmare". We worked with Erica and she was a rock-star throughout

Alyssa Toth

Lori McVey was nothing short of an excellent and amazing realtor. She is very knowledgeable and understanding and was conscientious to my situation, as well as the entire process of home buying and what to look for and do, etc. When I needed her to come through on something she did so and then some.

Kyle White

Can't say enough about Jarrod and his team. Honest and straight forward, I got a a strong sense of his integrity when I first met him and my first impression was correct. He and Stefanie were always available immediately when I called them. No waiting endlessly for a response or wondering why they hadn't called.

Kevin McGrath

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986 Hartford Avenue Johnston RI 02919

401-830-6906
info@jchristophergroup.com
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