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So You've Found Your Dream Home. How Can You Compete for It?
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Competing against multiple offers in today’s hot market can be tough. Thankfully, there are a few key ways you can make your offer stand out from the rest.
When the market is intense and properties are receiving many different offers, how can buyers hope to compete against all the others who are out there looking? What happens when you find your dream home, but a load of other buyers have also found, and are interested in, that same home? First of all, you want to put your best foot forward. When making an offer against multiple other competing offers, this is going to make a big difference. If you stand out from the very beginning, your chances are going to be much higher than some of your competitors. There are many ways to make your offer stand out. One of the first steps is to make sure you’ve been pre-approved for a loan. Also, make sure you understand the down payment requirements. This way, you’ll not only have the best offer possible, but you will also have a strong grasp of what you’re getting yourself into. Another thing you can do is to write a letter to the seller. Including a picture of your family and writing down some of the reasons you love the home can add a personal touch and will make your offer more memorable. It never hurts to let them know who will be taking their place once they move out.
The best offer isn’t always the highest price.
A strong amount of earnest money will also strengthen your offer. Include as much as reasonably makes sense. The minimum amount tends to be 1% of the offer price, but adding even more can help even more.
There are actually a lot of small items that can make a big difference in helping your offer win out against the competition. For one thing, make sure things like the closing date and other terms of the offer are matched up with what the seller is looking for.
Ultimately, having a strong agent by your side is going to help you immensely. Your agent will be able to determine all of the terms that are needed in the offer and will guide you through the process for optimal results.
The best offer isn’t always the highest price. There are many fine points to an offer that go beyond just the financial side of things.
If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.
There are actually a lot of small items that can make a big difference in helping your offer win out against the competition. For one thing, make sure things like the closing date and other terms of the offer are matched up with what the seller is looking for.
Ultimately, having a strong agent by your side is going to help you immensely. Your agent will be able to determine all of the terms that are needed in the offer and will guide you through the process for optimal results.
The best offer isn’t always the highest price. There are many fine points to an offer that go beyond just the financial side of things.
If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.
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