Transcription of How to Get Your Offer Accepted
It is a crazy market right now. So, in today’s video we’re going to talk about the four tips, on how to write a competitive offer, to make sure that your offer gets accepted.
Hi, everyone. I’m Carin Jackson with Coldwell Banker, and what we’re seeing right now in the market is a lot of activity, multiple offers situations. And so, how can you make sure that your offer is the most attractive to the seller, and to make sure that you get your offer accepted? Well today, we’re going to talk about the four things that you can do to make it look, the best that you can.
Tip number one, offer a fair price. When the market is moving quickly, this is not the time to throw out a low-ball offer, and hope they negotiate. Write an honest price based on market values.
Tip number two, have a pre-approval. It may not be enough to simply offer a pre-qualification letter. When using a pre-approval, the lender verifies for qualifications, and an underwriter gives preliminary approval, based on the actual home and a good appraisal.
Tip number three, have flexible timing. Not everything comes down to price, a seller who is relocating might be more interested in an offer, which gives them extra time to move.
And finally, tip number four, have attractive terms. Most offers include contingencies for items like appraisal, inspection, title, and loan approval among others. Working with your lender and real estate agent, consider removing any contingencies you don’t need. If you plan to remodel extensively, for instance, you might remove the home inspection contingency. This provides more confidence in your offer, versus the competition.
The most important thing in the competitive real estate market, is to be prepared. Working with your lender and your real estate agent will help you understand, what you need to do, and all of the documents you need to have in order; so that, when you’re ready to make that offer, you are in the best position possible, to get that offer accepted. Remember to subscribe to my channel, because every week we have new videos about all things Bend, and real estate. And, until next time, have a great week.
