Top 5 Ways To Make Your Offer Stand Out

Dated: 08/17/2019

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If you’ve been looking for a new home, finding the right one is exciting. Now that it’s time to write the offer, however, you might be wondering what you can do to make sure the seller is impressed with your offer. Of course the easiest way is to offer cash significantly over asking price, but fortunately in the real world there are still great ways to ensure the seller takes your offer seriously and improve your chance of acceptance. 

Top 5 Ways to Make Your Offer Stand Out

  1. Pre-Approval Letter – A pre-approval means your lender has done their due diligence and has all the documentation needed to close the loan. It's best to work with a lender on getting pre-approved before even getting serious about home shopping. In other words, talk to a lender before even looking at homes in person. You don't want to find your dream home and then not be able to make an offer because you haven't worked with a lender on the pre-approval process.

  2. Contingency Removals – Certainly you should not remove any contingencies which could put you at risk, but the contract is full of some which you can safely remove. Consider removing or shortening contingency periods to provide peace of mind to the sellers.

  3. Sell Your Home First – One red flag is the buyer who needs to sell their own home before closing. Sell before you write the offer whenever possible.  If you need to sell a home first, it's good to at least have it listed for sale, better if it's under contract to sell, or best already sold.

  4. Closing Date – Working with your agent, offer a longer or shorter window for the closing date based on the seller’s moving needs. 

  5. Win-Win – Show the seller that you want to create a win-win. Negotiations are part of a home sale, but avoid seeming unreasonable or demanding.  

While price is always important to the home seller, there are other valuable concessions or offers which can mean as much. Work with an agent who views the transaction as a win for all sides and learn what’s important to the seller before you write the offer. By accommodating their needs as much as possible, you are more likely to have your offer accepted.  

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Tim McLaughlin

Buying or selling your home is one of the most exciting times of your life! It can also be scary, confusing and stressful. I’ll work hard to make that process as painless as possible for you. I spen....

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