Our marketplace is replete with multiple offer situations. Luckily, if you’re a buyer, there are three things you can do to make your offer stand out.
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Right now in the real estate market, about 70% of all the homes listed for sale are getting multiple offers. If you’re a buyer in this marketplace, how do you make your offer stand out?
First and foremost, keep your offer simple and straight to the point. Don’t put a lot of things in the offer that are really minor such as minuscule repairs you want done in the home. You’ll have the opportunity to do that later.
The second thing you can do is write a letter to the seller(s). This letter should be a flattering dispatch explaining who’s going to live in the home, why you want their home, and what you like about it. Put a little sugar and spice into it. Tear at the seller’s heartstrings, if you must. I’ve seen this work more often than not.
Keep your offer simple and straight to the point.
The third and last thing you can do is have your lender do a follow-up call to the seller’s agent letting them know that you’re very serious about buying their seller’s home and how qualified and able you are to buy it. Your lender won’t disclose anything personal or inappropriate about you; they’re just going to reassure the agent that you can buy this home and get the job done.
If you have any other questions on any other real estate-related topics, please feel free to reach out to me. I look forward to speaking with you soon!
If you have any other questions on any other real estate-related topics, please feel free to reach out to me. I look forward to speaking with you soon!
