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First time home buyer

Hello,

I am a first time home buyer here facing an interesting situation. We have a buyers agent who isn’t too experienced but is backed by a team and we are trying to buy in a fairly competitive market, where houses go very quick. We looked at a home yesterday and felt absolutely in love with it.

I’ve done all the due diligence on my part. I’ve gotten a preapproval from 3 different lenders, shopped rates and narrowed it down to one. Have all my assets ready for 20% down + closing costs + reserves, researched areas, schools and even sent listing to my REA to go look at properties, along with outlining what sort of a home we want. We are making our first offer on the house, which seems to be “good” per the listing agent we got in touch with and I want to be able to capitalize on it.

I’ve been suggesting a pre-emptive offer and presentation to the seller and my buyer’s agent and their team seem to be hesitant with that approach. To me, in my mind, this seems like a good idea to start the negotiations ahead of the offer deadline which is a couple of days out and gives us an advantage in trying to at least get a sense of what the seller has in mind and perhaps backing away if the seller wants too much.

Having said that though, I am a first time buyer and maybe I am being too aggressive? I’ve heard stories of agents working “magic” through friends of mine and some have gotten deals below listing which is suuuper rare here.

I suppose, we could go talk to another agent and shop with them as well, but this buyer’s agent is also a family friend (mistake, I know, I know), but trying to get a perspective of what should I expect here.

Thanks!

submitted by /u/thr0waway9095654778
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/ik7ovz/first_time_home_buyer/
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