Which 5 Tips Will Make Your Offer Stand Out?

Here are five tips to help your offer stand out to the seller.

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Being a buyer in our current market is tough, but if you want to make your offer stand out and win that perfect home, here are the five tips to remember:

1. Get the seller to like you. Send them a letter, video, picture, or anything else that lets them know more about your family than your offer does. Be careful, though—anything you send can either be used for or against you.

2. Offer to do a quick inspection or have no inspection at all. Additionally, you can abstain from making any repairs. This isn’t without some risk, of course, but it does make your offer very competitive.

3. Don’t have any contingencies. For example, don’t make your offer contingent on your own home sale or financing. Again, this can be risky and it’s not for everyone, but it will help your offer stand out to the seller.

4. Include an escalation clause. If you offer $300,000 for the house, for instance, tell the seller you’re willing to offer up to $310,000 if you have to outbid the next person. There are ways to word this clearly in the clause while still protecting your interests.

Don’t make your offer contingent on your own home sale or financing.

5. Get pre-approved. Don’t just hand over a letter from a lender saying, “Hey, they’re nice people.” Get your loan fully approved and have a letter that verifies it. Your best option is to get pre-approved for a conventional loan. We’re seeing a lot of buyers with VA, FHA, or government loans lose out on houses right now. It’s hard to compete with a conventional loan because they require less work on the seller’s behalf.

If you need a strong agent to represent you on your home buying journey, get in touch with us at the Charlotte Mabry Team. I’d love to introduce you to one of my expert buyer specialists so you can win the home of your dreams.

If you have any other real estate questions, don’t hesitate to reach out to us as well. We look forward to hearing from you.