Real Estate Matters
There is nothing more frustrating than making an offer on the home of your dreams, only to learn that it has been sold to someone else. The solution to this headache? Make them an offer that they can’t refuse by standing out among other hungry buyers. If your offers continually get rejected, these pieces of wisdom can help you win the next bidding war on the home of your dreams:
Know where to be flexible
Before you set your sights on your dream home, have a game plan. Go into making an offer by knowing how strict or flexible your budget can be, and other contingencies.
Be prepared
If you express interest in a home that you are serious about but do not take the steps you need to follow through, the seller will not be waiting for you – especially in a competitive market. Be ready to follow through with each piece of the buying process to stand out.
Make your downpayment appealing
The more you can offer upfront as an escrow deposit, the more peace of mind the seller will have accepting your offer. Show the seller just how serious you are about buying their home.
Put their schedule first
Remember, the seller is probably just as stressed as you are, which means that any sign of difficulty or hesitation on your part could have the seller turning to someone else. Be open to meeting and being compliant with the seller’s requests as much as you can.
Personalization is key
As much as buying a home is a serious business deal, it is a deal made between real people who are both in a similar situation, so build a good relationship right off the bat, up front, with that commonality in mind.
Write a personalized letter about why you love the home, including a picture of you and or your family standing in front of their home and include it with your offer. Thank the seller for sharing their home with you so they are able to visualize you as the new owner of their home. Numbers and contracts matter, but don’t forget that behind all of that there are real people.
Doing something that sets you apart from the other buyers will make your home buying efforts more successful.
Until next time…Happy house hunting! And remember: there’s nothing like owning your own home.
For More Real Estate Questions, Information and Advice Contact Elisa Jo Eagan “The Real Estate Godmother” (609)703-0432 and Remember…”There’s No Place Like Owning Your Own Home!”
