How to Avoid Common Mistakes When Making an Offer

Making an offer on a home is one of the most exciting—and nerve-wracking—steps in the buying process. In a competitive market, even small mistakes can cost you the house you want. By understanding the most common pitfalls, you can approach your offer with confidence and strategy.

Mistake #1: Skipping Pre-Approval

One of the biggest mistakes buyers make is making an offer without a mortgage pre-approval. Sellers want to see proof that you can secure financing. Without it, your offer may not be taken seriously, no matter how strong it is.

Mistake #2: Offering Too Low in a Hot Market

While it’s natural to want a good deal, going too low in a competitive market can backfire. A lowball offer might offend the seller or get ignored entirely. Your realtor can help you strike the right balance between value and competitiveness.

Mistake #3: Waiving the Inspection Without a Plan

Some buyers try to win bidding wars by waiving inspections. While this can make your offer more attractive, it exposes you to big risks if the home has hidden issues. If you feel pressured, consider alternatives like a shortened inspection period or an “informational” inspection.

Mistake #4: Ignoring Contingencies

Contingencies protect you if something goes wrong—like issues with financing, appraisal, or the inspection. Removing too many contingencies can put you at financial risk. Work with your realtor to understand which contingencies are essential.

Mistake #5: Letting Emotions Take Over

Buying a home is emotional, but letting excitement lead to overbidding or overlooking deal-breakers can cause long-term regret. Stick to your budget, focus on your must-haves, and be ready to walk away if necessary.

Mistake #6: Forgetting the Seller’s Perspective

Sellers aren’t just looking at the price—they’re considering terms, timelines, and certainty of closing. Flexible closing dates, larger earnest money deposits, or fewer contingencies can sometimes make your offer more attractive than a higher price.

✅ Bottom Line: A strong offer is about more than just numbers. By getting pre-approved, balancing contingencies, and keeping emotions in check, you can avoid common mistakes and increase your chances of securing the home you love.