Home sellers have lots of options when is time to sell their properties, however there is no magic formula that will guarantee in achieving the best and highest price possible for their homes. This is why I like to partner with my clients to guide them through the complexities of selling their homes. I assembled a team of true professionals with experience, dedication and strong communication skills to help ensure a successful and profitable sale of your home.
Today, we'll talk about 4 Ways To Get Your Offer Accepted When Buying a Home
Not a single strategy or trick can guarantee acceptance of a contract when competing with others. These are 5 ways you can strengthen your offer and make it more attractive to the sellers via communictaion with their listing agent.
It is important that your offer is structured in such a way that will be easily accepted by the seller when presented.
Here are 5 ways to enhance your offer presentation and get your offer accepted.
#1 Working with a professional agent and loan officer matters...
A real estate agent can help you with this process tremendously. The first thing he or she should do is to connect with the listing agent and find out what's significant to the seller?
Besides price, what else do they need to have inside an offer, that will be very attractive to them?
Then, your loan officer plays an essential role in this as well.
As soon as the offer is presented, have your loan officer call the listing agent and explain the strengths of your loan application, that you are 100% approved and all they need is a ratified contract to proceed.
It is a team effort between your REALTOR® and your loan officer after all...
To convince the seller that they are working with professionals who dotted all the i's and crossed the t's.
This is what it takes to make your offer more attractive.
#2 Increasing Your Earnest Money Deposit
As part of the process when buying a home. You will need to write a check as a good faith deposit. Your offer needs to include a strong EMD deposit that tells the seller that "you've got skin in the game"
A strong deposit shows that you are a serious buyer and very focused on buying that particular home.
What makes a strong EMD Deposit?
This is a question you must ask your real estate agent.
The EMD deposit is generally between 1% to 5% of the offered price. There are no rules that require an exact amount.
#3 Offer a Leaseback. - "Allowing the Seller To Stay In The House For a Short Period After The Sale"
A leaseback allows a buyer to rent the property back to the sellers for a short period of time, letting them stay in the home after the closing. Of course, your real estate agent will have to negotiate all the details with the seller, but if your situation allows you to wait, this is a good offer to give the seller time to move out from the house after closing, and not rush moving out...as soon as the deed of title was signed.
#4 Buy the Property AS IS
What does it mean to you as a buyer when you offer to buy a property as is?
'Sold As-Is' is when the sellers list their homes for sale, and they don't want to do any repairs before closing. It means that the buyer accepts the property AS IS and there are no guarantees from the seller that everything is in working condition.
An offer to buy a property AS IS has had some risks, and you should consult with your real estate agent if that is a viable option for you
The Bottom Line
Getting a contract accepted to buy a home is difficult right now — and this is especially hurtful to first-time home buyers. They don't have the extra income to offer higher prices in order to buy a home.
We are in the middle of a buyer's market and like everything else, there will be a time when we will be inside a seller's market as well...
Today, lack of inventory is putting pressure on homebuyers.
But, I can assure you with the help of a good real estate agent, you will become a new homeowner in no time!
There are many opportunities for growth in the current real estate market. To find out what’s right for your family, let’s get together to help you understand your options and guide you toward the best decision,
To purchase your dream home or a great foreclosure property, is about being educated, thorough and patient with the process. The most important aspect of finding the perfect home is working with a real estate agent who is highly skilled in negotiation and understanding of your expectations!
For more information or assistance to help you find a home in the Las Vegas and Henderson area please call us at 702–845–8540