Tuesday, March 8, 2022 / by Brittany Aspenson
Four ways that you can strengthen your offer and win the bid.
Inventory continues to shrink, so when a buyer finds the right home, they should do everything they can to get it. In this seller's market, we often get asked about how buyers can get their offer accepted. Here are four things that will strengthen your offer:
1. Get a pre-approval letter from a reputable local loan officer. Sellers want to be confident that the buyer’s financing will come through at closing.
2. Consider properties below your budget. This will allow you to compete in a multiple offer situation by going over asking price.
3. Consider fixer-uppers and homes lingering on the market. There will likely be less competition for these homes, which could give you more flexibility to negotiate.
4. Work with a strong real estate agent. The agent should have enough knowledge and experience to navigate this challenging market. They should be able to provide you with the data and tools necessary to make a competitive offer.
If you have any questions or would like to learn more about our multiple-offer strategy, reach out to us by phone or email. We look forward to hearing from you.