Buying a home is an exciting and scary time. You start dreaming big dreams about the home you want, but you have to rely on the seller, a person who, by simply being human, is unpredictable. They have the power to accept your offer or deny it and with that decision, make or break your dreams. Try these four tips for making your offer stand out in a competitive market and hopefully make those dreams come true.
Make It Personal
There are many things you can do to try to stand out but one thing that always makes you more visible is writing a letter or recording a video for the home’s seller. Making it personal and appealing to their emotions is a great way to convince someone to sell their home to you. Of course, there are never any guarantees. However, a well-written letter or personal video that lets the seller know just what you love about their home, why it’s perfect for you, or how well you’ll take care of it can be what sways them to choose you over someone else.
One thing that will make a seller choose someone else over you is if that other person can prove they have the money to back up their offer and you can’t. Being able to prove you can back up your offer is as simple as getting preapproved for your loan. A preapproval letter shows the seller that you’ve already been vetted by the bank and are ready to make a deal.
Have a Knowledgeable Real Estate Agent
The right real estate agent can help you make a great offer that gets a seller’s attention. A quality real estate agent offers real estate services beyond simply showing you a bunch of homes and waiting for you to choose one. They can offer inside information into the neighborhoods you’re looking at and help you find exactly the home you want. This information will help you write a better letter, shoot a better video, or even just ensure that you put your best offer on the table from the start.
Take the House As Is
It’s common to put contingencies on an offer. Requests for specific repairs, for the appraisal to meet a minimum value, or for an inspection prior to closing are all typical contingencies. If you really want your offer to stand out, offer to take the house as is. Don’t put any contingencies on your offer – or at least none that aren’t absolutely required. Sellers see contingencies as a chance for things to go wrong, so taking them off the table makes your deal a much more sure deal.
There are never any guarantees when you’re trying to buy a home, but you can tip the odds in your favor by doing a few simple things that will show a seller you mean business and really want their house.
Emma Sturgis is a freelance writer based out of Boston, MA. She writes most often on health and education. When not writing, she enjoys reading and watching film noir. Say hi on Twitter @EmmaSturgis2
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