Buying Homes for Sale: Increase the Odds That Your Offer Is Accepted

One of the first steps that must take place prior to purchasing a home is getting your purchase offer accepted. In some cases, there may be multiple offers that the seller is considering. What can you do to improve the odds that yours is the one that gets accepted?

First, you should make sure that your offer is a serious one. Lowball offers or offers with stipulations attached to them are generally not going to be taken into consideration. This means that you will need to make an offer at as close to list price as possible and with as few conditions as possible.

Next, you need to make sure that you can get financing if your offer is accepted. Showing that you have been pre-qualified or pre-approved for a loan shows that you are a serious buyer. If you don't have this yet, the seller may not even accept your submission of an offer let alone accept your offer over other ones.

Finally, you will need to make sure that you connect on some level with the seller. For instance, it may be a good idea to write a letter talking about how much you love the house and how it reminds you of your childhood home. This may make you standout when it comes time to choose which offer to go with. You may also want to choose properties where the listing agent and your agent have a good relationship as this could be leveraged in your favor.

Your real estate agent will explain how to write a great offer for available homes for sale in your area. This should help you create something that is strong and compelling enough for a seller to choose to work with you as opposed to other potential buyers.


 

Sources:

Increasing the Odds of Getting Your Offer Accepted, Ezinearticles.com
Improve your chances in multiple-offer situations, inman.com