When home buyers begin the house hunting process, they often don’t realize just how many steps it entails. Today, we’re talking about how to seal the deal on your dream home!
- My name is Rachel Ain and I serve the amazing people of Your Foothill Community! Today, I’m going to show you how to make an offer on a home so it gets accepted. I’ve been in recent bidding wars and have beaten 22 offers on one home and 16 on another within a week! …So the moral of the story is: It’s really important to write an offer correctly, so that the seller accepts it, and you get the house! To do this, your offer needs to be as strong as possible. Here are some things to consider….
- #1 – Price Your Offer Right
- Remember, it’s the market, not you (or the seller) that determines how much a property is worth.
- So don’t try to lowball the seller. You’ll only offend them.
- Instead, look at comparable homes that have sold recently in the area and come up with a price that’s fair and reasonable.
- When you do, you’ll have a better chance of having a seller consider your offer and accept it.
- #2 – Consider Your Contingencies Carefully
- The contingencies you write into an offer are designed to protect you, not the seller.
- Everything from securing a loan to selling your current house to the closing date you choose could potentially impact the seller in a negative way.
- If your market is extremely competitive, you’ll want to consider your contingencies very carefully.
- Sometimes people take big risks and remove almost all of their contingencies to make their offers more appealing to a seller.
- Overall, aim to strike a balance between protecting your interests, while also keeping your offer attractive.
- #3 – Create A Clean Contract
- I’ve seen so many offers get declined by sellers simply because the real estate agent wrote a sloppy contract.
- Ultimately, the contract is the first impression you make. It’s a signal of how the rest of the transaction will go.
- No one wants to spend 30 days in escrow with a buyer who’s disorganized, dysfunctional, and in disarray.
- Make sure your real agent writes a clean contract that’s organized, simple, and complete.
- You’d be surprised by how many agents get this wrong
- I’m experienced with bidding wars and know how important clear communication with the listing agent is. I majored in it after all! Once I get an understanding of the seller’s goals and situation, I can easily guide you in how to create an offer that will appeal to them. It might not even have to be the most money! At this point, you may be convinced that you may need some guidance around the area of making an offer on a home. But you may also be thinking that you have no idea where to start. If you’re thinking about making a move, I can help you through the process. Just send me a message or text me at 909-833-1631. No pressure, no sales tactics, just the help and guidance that you need!
