Here are some tips that are helping our buyers get their offers accepted.
How do you get your offer accepted in this fast-paced, low-inventory market of ours? Let’s explore some of the tips that are working for our buyers. First of all, communication is key—not just within the agent-to-client relationship, but within the agent-to-agent relationship as well. It’s important to have your agent ask questions about what the seller is looking for in that deal. Never assume that the seller’s only priority is nabbing a high sale price; dig deeper!
“Just by offering to pay for some of those auxiliary costs, a buyer will stand out from the pack.”
Once you understand the seller’s needs, your agent should help you craft an offer that’s reflective of those needs. Whereas in previous markets buyers would expect sellers to cover their closing costs, HOA fees, and even the title policy, today’s buyers need to submit offers with stronger financial responsibilities. Just by offering to pay for some of those auxiliary costs, a buyer will stand out from the pack. That way, instead of simply crafting an offer for tens of thousands of dollars over asking price, the house actually appraises and everyone’s happy.
Lastly, we’re telling all our buyers to be flexible with their time frames. If the seller wants a quick close, give them just that. If they want a quick close and a leaseback period, then let’s hash out the details of that. Remember: Sellers may have the upper hand in this market, but they’re just as nervous as you are; they don’t know where they’ll be moving. Let’s do our best to make everyone happy and complete a transaction that both parties can feel proud of.
For more tips on how to win in this dynamic market, please give us a call or send an email. We’d love to hear about your specific home-buying needs and empower you to achieve your real estate goals.