Here are three tips to help you make a stronger offer on a home.
Each of these three tips will help you write a better offer in today’s competitive real estate market:
1. Price. This is an obvious one. When you’re considering what price to offer for a home, don’t necessarily base it on the asking price. You want your agent to run a CMA so you can understand the value of that home, that neighborhood, and your competition for the home. When you combine all those things, you’ll come to the ideal price to offer.
2. Carefully consider terms. The most common terms for consideration are the close of escrow date, escrow and title costs, inspection costs, and home appraisal concerns.
3. Find out what’s important to the seller. In a competitive market, it’s easy to think that sellers only care about price, but they have much more to consider. It’s really important to communicate how well-qualified you are as a buyer, how you connect with the home, and more. They will go a long way to separate and differentiate you from other buyers in the market.
Even though our market is moving fast, it pays to take time to craft a great offer that tells a story to help differentiate you from other buyers and get your offer accepted.
If you have any questions for me, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.