Here’s how to make your offer stand out amongst strong competition.
Today I’m sharing the inside tricks buyers are using in today’s competitive seller’s market to make their offers stand out amongst the competition:
1. More money down. Offer to put more money down, either in your down payment or earnest money deposit. Of course, only offer what you’re comfortable paying. Home sellers are looking at all factors to assess how serious you are about the house.
2. Be flexible with time frames. Money isn’t the only thing that matters to sellers. Time can sometimes be more crucial, so being adaptable allows a win-win for both parties.
3. Remove some contingencies. The purchase agreement is written to allow flexibility on contingencies that may affect you. However, if some of the contingencies aren’t as essential to you, ask yourself if you truly need them. Fewer contingencies makes your offer much more competitive.
If you have any questions at all about the market, home buying, or how to be strategic as a buyer, give us a call at (651) 998-9829 or send an email. We’d be honored to support and consult with you.