The value behind a good offer on luxury real estate
Newport, Rhode Island July 26, 2016 — Gustave White Real Estate, specializes in selling luxury real estate and upscale waterfront properties. Gustave White also provides exceptional services to both buyers and sellers in every price range. When you are shopping real estate it is important to know how to make an offer on a home valuable to the seller.
Purchasing a home is one of the most expensive investments you will make in your lifetime. It’s crucial to do your outside research on a home you want to make an offer on a home. Understand the value of the location, size of the home, school district, and neighborhood. It is important to know the value of a home before you overspend. Ask your Gustave White Realtor for a list of similar houses in the area you are interested in—this will give you some insight on the most recent selling prices.
In the competitive real estate industry, an all-cash offer will always be more attractive than an offer with mortgage requirements. All-cash offers have minimal risk and no appraisal contingencies. With no loan and appraisal contingencies to be concerned with, these offers usually lead to faster closing on the property—leaving less room for things to go wrong during the escrow period.
If you are unable to give an all-cash offer, getting a pre-approval letter from your lender is the next best step. In order to gain a pre-approval letter your loan officer will have to perform credit checks along with analyzing your income and assets—if approved, this will increase the likelihood of your application to get approved.
Interested in buying a home in the Newport, RI area? Visit Gustave White Real Estate at http://www.gustavewhite.com/eng for information on our listings, agents, and more.
About Gustave White Sotheby’s International Realty
Gustave White Sotheby’s International Realty, a long-established real estate agency in Newport, Rhode Island, specializes in the luxury Newport real estate market, as well as real estate services in South County, Block Island, Providence, and parts of coastal Massachusetts and Connecticut, offering distinctive homes, condominiums, and land for sale in every price range. Our luxury homes include Rhode Island oceanfront homes for sale, beachfront and waterfront properties, water view residences, historic homes, and real estate investment opportunities. Whether you’re looking for waterfront, water view, beachfront or bayfront, or a simple coastal retreat, Gustave White agents can introduce you to homes in Newport, Middletown, Portsmouth, Jamestown, Little Compton, Tiverton, Bristol, Narragansett, Westerly, Watch Hill, Charlestown, South Kingstown, North Kingstown, Block Island, Providence, and Charlestown. We also offer the best in Newport Rhode Island vacation and summer rentals and year round homes for rent. For more details visit us at: http://www.gustavewhite.com/eng