5 Ways to Get Your Offer Accepted
May 01, 2013 10:21AM
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1. Keep It Simple
Don't put a lot of contingencies on your offer. That means don't make the seller negotiate too much on price or down payment, and don't make a ton of requests for say, home repairs or warranties.If you require a lot of back-and-forth and have a lot of demands for the seller, he or she is likely to turn to another bidder who's a bit less needy.
2. Put Your Best Offer On The Table
It is a seller’s market and that means that this is not the time to lowball. You may not get a second chance. The seller will most likely go with another higher bid without bothering to counter your offer. So put your money where your mouth is.And if this is your dream home, then be ready to offer more than the asking price. After all, if you see yourself in this house for 10 or 15 years down the line -- or even longer -- then don’t worry about the extra $4,000.00 or $5,000.00.
3. Make It Personal
"Write a letter, include family photos. Tell the sellers how much you'd love to raise your family in their home.Personal, emotional appeals can sometimes tip a seller's decision in your favor. Establish a rapport, and it will likely set you apart from the crowd. It can also give the seller more confidence that you will not back out of the sale later on in the transaction.
4. Be Prepared
Have a current pre-approval letter from your lender on hand along with any other supporting documentation ( like the letter mentioned in number 3.) that you may need to write and present an offer. So that when you do find the home of your dreams, you can immediately write the offer and your Realtor can submit a complete offer package to the seller’s Relator. When a seller can see that a bank already has extended their willingness to finance the deal, it lends credibility to the buyer and edges you closer to getting the home.
5. Offer An Incentive
Increase your "good-faith deposit.” Buyers generally put down deposits -- typically 1 percent of the purchase price -- on a home to show their intent to buy. Increasing that amount to 3 percent or 5 percent will solidify to the seller that you're ready to close the deal.
— Briana and Dan Ferguson, of The Ferguson Group, Inc., specialize in residential property management in the Roseville area.
The Ferguson Group is your locally owned and operated full service residential property management and real estate company. We can assist you with all of your buying, selling, leasing, and property management needs. We offer complete property management services for your condominium, single family dwelling or 1-4 unit building. We serve the areas of Sacramento, Placer, and El Dorado Counties. We maximize your rental income and occupancy rates, and manage all of the details, so that you don't have to deal with the stress and problems that can arise when managing residential real estate.
Our clients have the comfort of knowing that our staff is the most qualified to handle any and all aspects related to the proper management of their most valuable assets.
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