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In the competitive Chattanooga housing market, how do you get your offer accepted by a seller? It’s likely you’ll face a multiple offer situation and compete with other aggressive offers. However, there are some ways to ensure your offer is the best one.
- Offer cash. If you’re able to choose this route, a cash offer is highly desirable to sellers. It shows them you’re able to afford the home without financing.
- Put more money down. Instead of pursuing a 90% loan, consider applying for a 50% loan.
- Offer additional earnest money. If a seller has to choose between two offers, they’re inclined to pick the one with significantly more earnest money.
- Get pre-approved. Seek pre-approval from a lender before making an offer. Ideally, you should have this before you start looking at properties.
- Work with the seller’s terms. Work with any possible contingencies. Maybe the seller wants to stay in their home for a certain period of time before moving out.
- Write a letter about your family. A handwritten letter with a family photo will add that personalized, emotional touch. Explain to the seller why you love their home and how you picture your family living in it.
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A handwritten letter with a family photo will add that personalized, emotional touch.
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Our team has top talent that understands how to get your offer accepted. They can offer tips, tricks, and advice to make your offer its strongest. If you’re thinking about buying or selling a home in the surrounding area, give me a call or send me an email. I’d be happy to answer your questions about this topic or more!
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