Should you wait to make an offer on a new listing? A lot of people have been asking me this lately, and I would like to bring up a couple important points to consider when making this decision.
First of all, be cautious when it comes to early offers. Early offers usually come in under the asking price. Your agent should be able to do some market research to determine the true value of the property.
If you really fall in love with a property, my recommendation would be to make a fair offer based on what the property is worth to you after you have seen the market research. You don't want to have any regrets and miss out on your dream home, so make the offer that's fair to you.
When you do make an offer, demonstrate the appeal of the offer - terms, conditions, and price - so that your offer gets accepted. To make your offer more appealing, it's important to understand the market that you are in. If you are in a seller's market, you will probably be going up against multiple offers and may have to be more flexible with the terms. If you are in a buyer's market, then you are in the driver's seat, and you have more power than the seller.
The bottom line is, I don't think you should wait too long to make an offer when you find your dream home, even if it is a new listing. However, every situation is different. If you have any questions, give me a call or send me an email. I'd be happy to help you.