1 - This is by FAR the most important - Have your agent speak to the Seller’s Agent before presenting your offer. Like actually pick up the phone and talk to the other agent, NOT text. It is important for your agent to learn as much as they can about the seller’s situation so that you can build an offer that will be desirable to them. It’s not always about the highest dollar amount. Maybe the seller needs a longer period of time before closing because they haven’t found a place to move into yet. Maybe the seller is elderly and doesn’t want to deal with making repairs before the closing. Knowing details like these can help you create an offer with the best possible terms that the seller will actually accept.
While speaking with the Seller’s Agent, a good Buyer’s Agent can also sometimes get hints about the other offers on the table if they ask the right questions.
2 - Discuss financing options with your lender. Some of our lending partners have programs such as “Cash to Keys” that allow you to present an offer that is as good as cash.
3 - Don’t give up! This low-inventory market is definitely challenging, and you may have to make a few offers before one is accepted. Make sure you’re being realistic. Since most homes are selling for over asking price, you may want to look at places slightly under your budget so you have some wiggle room.
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