Most areas of the country are experiencing a brisk real estate market. Well priced homes are moving quickly and often sellers can have multiple offers from which to choose. How can you make your offer stand out and put you in a better position to get the home? Fortunately, there are a few things you can do to make your offer more attractive to sellers.
4 Tips for Making a Competitive Offer
1. Offer a Fair Price - When the market is moving quickly, this is not the time to throw out a low ball offer and hope they negotiate. Write an honest price based on market values. The Linda Hall Team will happily assist you in finding what price that might be.
2. Have a Pre-Approval - It may not be enough to simply offer a pre-qualification letter. When issuing a pre-approval the lender verifies your qualifications and an underwriter gives preliminary approval based not he actual home and a good appraisal.
3. Flexible Timing - Not everything comes down to price. A seller who is relocating might be more interested in an offer which gives them extra time to move or is an offer that will move along quickly.
4. Attractive Terms - Most offers include contingencies for items like an appraisal, inspection, title, and loan approval among others. Working with your lender and real estate agent, consider removing any contingencies you don't need.
The most important thing in a competitive real estate market is being prepared. Working with your lender and real estate agent will help you understand your options and you will be able to write a solid offer quickly, putting you in the best position to have your offer accepted. Contact the Linda Hall Team today to get started!