How To Make Your Offer Stand Out
You finally found the home you want but only to find out it has multiple offers. Or maybe you have been making offer after offer with no luck. How can you make your offer stand out? I will show you how you can make your offer stand out in a sea of multiple offers.
First you will need to be sure to have a Realtor® by your side to guide you through a strong offer. Start by checking comparable properties to see if the price is appropriate. Once you have a good idea of what the market is doing for similar properties set a price you want to offer. Here is the key, this is only one factor in many other factors you should consider, remember it is not all about the sales price.
Next let’s break down every section of the contract and make it as strong as possible. Now remember you won’t be able to go all out on everything as we all have our limits but definitely draw a line for each on what you are willing to do. I say draw a line because you need to know ahead of time where you can afford or risk to go and where you can’t, you need to know this up front going in.
Will your offer be contingent? How much earnest money will you be putting down? What type of financing are you doing and are you qualified, pre-approved or fully approved? How long of an option period will you be requesting? 10 days? 7 days? 5 days? Or how about no option period? Inspection or no inspection?
Will you be asking the seller to pay for a home warranty, or will you skip it all together? Do you need help paying for your closing costs or not? How about offering to pay some of the seller’s closing costs?
All these are items you should taken in to consideration and many more. Either way be sure to make every single item as strong as possible, with every point you make stronger it only makes your offer stand out even more. Just remember that in a strong demand market that we are in now you may not have a second chance to make your first offer your strongest.
With a heart of a teacher I look to educate my clients about the process of buying, selling or renting real estate. I strongly feel an informed and educated consumer will make better decisions and be less likely to be taken advantage of.
Have questions about this or other topics, don not hesitate to contact me.
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Luis Cuevas, Realtor®
RE/MAX Cross Country
1990 Justin Road
Highland Village, Texas 75077
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