In this seller’s market, buyer’s are getting tired of being outbid on homes. I completely understand how frustrating and discouraging it can be, but never give up too soon. I like to tell my buyers that everything happens for a reason and that they will end up in the best suited home for them.
I recently read an article that was in the Sunday newspaper a few weeks ago called “Secrets to Making the Winning Bid”. Below are some of the main points covered in the article:
1. Be ready to make your offer quickly.
When you find the perfect house, you have to know it is the one and be ready to act on it.
2. Make your best offer first.
In this market, I like to tell my clients to go in with their strongest offer from the beginning if they really want the house. There is no guarantee that a buyer will receive a counter offer since your offer is most likely one of a few or several offers.
3. Keep your offer simple and accommodating.
I have seen many sellers ask for free occupancy after the sale, anywhere from a few weeks to a few months. Giving the seller a free rent back will help your chances of getting your offer accepted. In this market, many sellers fear they won’t be able to find a new home to move into by the time escrow closes. No one wants to worry they could be homeless!
4. Write a note to the seller.
This adds a personal touch to the offer and allows you to tell the sellers a little about yourselves and why you fell in love with their home. This note can sometimes win over the sellers. I have represented sellers that have chosen an offer that wasn’t as strong as another offer they received, but accepted the lower offer based on the connection they had with the buyers. I can’t guarantee this works all the time, but it doesn’t hurt!
I hope this post gives you the confidence to continue searching for your perfect home. If you are looking to buy a home and would like my help, please contact me. I would love to assist you in your home search.
“Making your dreams a reality, one move at a time.”