Are you looking to buy a home and want to make sure your offer gets noticed and accepted? Then you are in the right place.

 

When you’re putting in an offer in a competitive market, it can feel a bit overcrowded and like you could easily be lost in the crowd. Don’t worry. Today I have seven easy ways you can get your offer noticed and accepted in a competitive market.

  • Have your agent run a competitive market analysis.

Having a CMA done will give you an educated assessment of what the property is worth and providing this analysis to the seller can substantiate your offer.

  • Offer a strong purchase price.

You will want to make your offer slightly above the value you get from the CMA. If you offer less, your offer will be rejected - not countered. That’s not what we want!

 

  • Always submit your highest and best offer the first time.

While you might sometimes want to start low and expect a counteroffer from the seller, that probably won’t happen here. With multiple offers, many times the listing agents are only countering the best offer or asking for the “best and final from the best few” offers if they are similar. You may not get a second chance to submit an offer, and it’s okay if you don’t go up at that point. Just make sure you submit an offer that you feel is your best shot.

 

  • Keep your offer clean.

Pay your own closing costs and don’t ask for extras such as a washer and dryer that the seller did not plan to include. Also, find out the seller’s ideal close date and accommodate it if at all possible. When multiple offers are involved, you want to make it as easy as possible for the seller to say yes to you.

 

  • Try to get the home inspection done early.

If you can bring a home inspector with you to see the home prior to making the offer, you could be able to drop that contingency completely, which would make your offer very strong. If you can’t, you could say that the home inspection is for informational purposes only or indicate that states that you will not ask for help from the seller unless there is a large ticket item that needs repair. This will let the seller know you will not be nickel-and-diming them but still gives you an out if there are unforeseen major repairs.

 

  • Increase your deposit from the usual $1,000 down to a larger amount.

This step is not a must, but it does make your offer a little more competitive. It also shows that you are serious.

 

  • Last but not least, write a personal letter to the sellers.

Let them know how much you love their house and that you’re looking forward to living there for many years and taking good care of it. Be sure to bring out a few specifics about it that you love!

 

 

Following these steps will help your offer to stand out and will give you a greater chance of getting your offer accepted!

 

If you need assistance, please give me a call! I’d be happy to help you work through these steps. Also, if you’d rather listen to updates like this, make sure you’re subscribed to my YouTube channel!