Writing a successful offer is not just about offering the highest price. A big part is presenting yourself as a serious and reliable buyer. There are many nuances that can determine your success. Here are five important tips for making your offer stand out.
1 Lean on your Real Estate Professional. Buying a home can be stressful and overwhelming my expertise and knowledge will help ease that stress for you. l know what has worked for other buyers in the area and what a seller needs to help make your offer stand above the rest.
2 Know your Budget. Understanding your finances and budget is important when deciding on what to purchase. By crafting a compelling offer that showcases your financial readiness and commitment, you will increase your chances of getting your offer accepted. It also shows a seller you are financially confident and capable of closing the transaction.
3 Think Everything Through Before Making an Offer The housing market is not moving as fast as it was during the pandemic. This allows you as a buyer to have a little more time to think before you make an offer. However, the best houses always go fast so keep offer deadlines in mind.
Danielle Hale, Chief Economist at Realtor.com says “In general you likely have more time to make an offer. If you are on the fence about a home or its asking price doesn’t quite fit your budget you might want to keep an eye on it and if it doesn’t sell right away, there may be some negotiating room.”
4 Work with your Real Estate Professional on what to Negotiate Over. The last few years when the market was in a frenzy, most buyers wrote non contingent offers without inspections. Today’s market is different. We will consider what contingencies will still allow your offer to stand out with the seller.
5 Be sure your Realtor has plenty of experience with contracts. These are binding documents and you want them filled out completely and correctly, with no costly errors.
If you want information on current market data and available inventory in the area, reach out to my team and I, we are ready to help you. I’m your community market leader Sherri Echols, a helping hand for a happy home.
