Have your inspection, title work and appraisal dates within 8-10 days of the contract date.
Hope this Helps!
Consider the following:
1. Cash deal
2. minimize or eliminate contingencies
3. offer a larger than normal escrow deposit
4. propose a quick closing date
5. offer to pay for the buyer's home inspection
6. present an "AS IS" offer/no repairs
7. proof of funds or pre-approval letter to accompany your offer
8. present a personal letter to the seller explaining why their home is perfect for your family
Hope this information is helpful.
1) No contingency on selling a home. In today's market it is tough to compete with a non-contingent offer.
2) Try a letter from the heart. How did you connect to the home? What are your future plans in that home? Point out what your favorite features are in the home, your favorites might be their favorites.
3) Fit the sellers timeline, have your Realtor call the list agent.
Hope that helps!
The Barrington Group
And Oh By The Way… We Are Never Too Busy For Your Business
One of the best ways is to have your Buyer's agent contact the listing broker and ask him what it is that the seller needs to accomplish and what times and terms is he looking for. The listing broker should be glad to do this. It could help the seller in their decision and not have to filter through all of the offers to see which one has some of the things the seller needs in place other than price. I really helps when you have an experienced broker who know the other agent or has a reputation in the real estate community that would encourage the seller to speak to him and have confidence that the deal will get done. Good success on your offer.
Work with that in the offer.
Offer HIGHER than asking price. Like say $251. Works almost EVERY SINGLE TIME>
Talk to your lender about this, but it should be fine.
Happy shopping! Lynne-
I wrote a blog post about this particular topic last year, feel free to take a look and see what my strategies are!
Top Realtor by 5280 Magazine
Hope that helps!
Secondly, having a strong downpayment or all cash offer is always helpful.The higher the downpayment always better and provide a copy of your bank statement that states the funds is availiable right away. Higher downpayment means you as a buyer need to borrow less from the lender which will have less road blocks when it comes to appraisal.
On the purchase contract there are contingencies which means conditions.
We have inspection contingency and loan contingency. Always discuss with your Realtor to find out the time needed for a home inspection. Like always less days is better. Communicate with the lender prior to making the offer to find out how many days might be required to close the loan. The less the number of days marked the better your offer is going to stand out in front of the seller. Make sure it's a reasonable time because if the seller or listing agent thinks it's unrealistic and might require an extension, that might not fly.
EMD aka Earnest Money Deposit is the money the buyer writes a check for which is usually handled by escrow. This money conveys the fact that the buyer is serious about the property. Usually EMD is 3% of the offer price but higher is always better differentiating your offer from the pack. This money is going towards you downpayment anyways so having a higher amount doesn't hurt.
Getting a preapproval letter from a lender preferably a Direct lender. Having your necessary proof of funds to purchase the home immediately as liquid assets and a strong EMD with few contingencies as possible will make your offer stand out.
CalBRE # 01886685
Realty One Group
If you are in a multiple bid situation you need to make some decisions right away. How badly will you feel if you miss out on this home? How much risk are you willing to take? If you lose out on this house because someone else bid $100 more than you, are you comfortable with that?
Based on your answers to these questions, you need to make your offer as strong as your commitment to this house. I've had buyers pre-inspect a home in order to waive the inspection contingency. This costs you the inspection fee without any guarantee, but it definitely looks good to a seller. I've had buyers waive their financing contingency, this is risky if you have any doubts at all, but it helps. I've had buyers waive the appraisal contingency, again this is risky and can only happen if you have the funds to make up any discrepancy between your offer price and the banks appraised value.
Finally, give in any areas that the seller wants that are good for them. I always have a conversation with the listing agent and ask, "Apart from price, what terms would your seller prefer; an early closing or a late one, keeping some appliances or leaving them, using specific vendors for Title & Escrow or open to using mine? Any area you can meet the seller's on that doesn't necessarily cost you money allow you to make your offer stand out, even if it's not the highest.
Best of luck, let us know how you fare.
In today's real estate market, every offer is a battle! You are going up against competing offers and everyone is trying to get the seller's attention. Here are some ideas we got from listing agents who accepted our customers' offers over competing offers:
1.) Write a letter to the seller from your heart about your desire to purchase the sellers home.
2.) Sellers want some level of confidence that the buyer they choose can actually make the purchase and the financing will not be an issue. Be sure that you are pre-approved and that your pre-approval letter is solid (and not just a pre-qualification).
3.) Strengthen the pre-approval letter with a call from the lender. Imagine you were the listing agent or seller trying to decide which offer was best. If you had five offers all accompanied with pre-approval letters but one lender called you and shared the level of confidence they had in their pre-approval, this may tip the scales in your favor.
4.) Have your lender attach a cover letter to your offer, with your letter from the heart and your pre-approval letter.
Please feel free to contact me with any questions you may have!