Increase your odds of getting your offer accepted by making it stand out from the crowd. In recent years it has become increasingly common for there to be more buyers looking for homes than there are houses for sale, which can make it hard for buyers to get their offers accepted.
Presenting a cash offer or pre-approval for your loan at the negotiation table demonstrates your strong qualifications to the buyers. Cash offers also give buyers a greater degree of control. If you can't manage a cash offer, make sure to obtain pre-approval for your loan and include proof with your offer.
In a seller’s market, it’s always a good idea to offer above asking price, especially if you know there will be multiple offers. But there are other ways to make your offer enticing, like providing more earnest money (“good faith” money you put forward to let sellers know you’re serious). You could also include an escalation clause in your offer, which automatically outbids other offers up to a maximum price.
Avoiding complicated requests and contingencies will add to your offer’s appeal. A “clean” offer means your deal isn’t dependent on the sale of another property. It is free of seller concessions, like asking them to pay closing costs. The idea is to make things as easy and appealing as possible. Contact Realtor Kelly Pearson at kellypearsonrealtygroup.com
