Increase your odds of getting your offer accepted by making it stand out from the crowd. In recent years, an increasing number of buyers have been searching for homes, outnumbering the available houses for sale. This challenge complicates offer acceptance for buyers.
Make It a Sure Thing (Or Close to It)
Arriving at the negotiation table with a cash offer or loan pre-approval informs buyers that you possess strong qualifications. Cash offers also give buyers a greater degree of control. If a cash offer isn't feasible for you, ensure that you obtain pre-approval for your loan and include proof with your offer.
Sweeten the Deal
In a seller’s market, it’s always a good idea to offer above asking price, especially if you know there will be multiple offers. But there are other ways to make your offer enticing, like providing more earnest money (“good faith” money you put forward to let sellers know you’re serious). You could also include an escalation clause in your offer, which automatically outbids other offers up to a maximum price.
Keep Things Simple
Avoiding complicated requests (like asking if the sellers are willing to leave their TV behind) and contingencies will add to your offer’s appeal. A “clean” offer means your deal isn’t dependent on the sale of another property and is free of seller concessions, like asking them to pay closing costs. The idea is to make things as easy and appealing as possible. If you have any Real Estate inquiries please contact one of the trusted agent Wynne Moore.