Here are five tips to make your offer as strong as possible so that it will be accepted once you've found your dream home:
- Don't ask for any concessions (or as few as possible). When writing the terms of your offer, don't include any concessions or contingencies. Instead, consider increasing your earnest money deposit, or even offering to buy the home as is.
- Provide an optimal closing time for the seller. If they need a certain amount of time to close on their next home, give them the leeway they need. You can also do a lease-back option if they need a couple of weeks to move out after the deal has been closed.
- Send a letter to the seller. Sending them a letter that introduces yourself to them and tells them why you want to buy their home adds a very effective personal touch to your offer.
- Add an escalation clause. If you find yourself in a multiple-offer situation, an escalation clause automatically raises your offer above the next highest offer up to a certain price.
- Have your lender speak with the listing agent. Hearing from your lender that you're financially ready to make this purchase will give the listing agent confidence in your offer.
If you'd like to know more about how to craft the best possible offer or you have any other real estate questions, don't hesitate to reach out to me. I'd love to help you.