Make the winning offer with these 3 tips

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There are multiple things that could lead to your offer being denied when trying to purchase a home. Today, we're here to give you 3 tips that will help you stand out of the crowd and win a multiple offer situation. Because we're currently in a seller's market, knowing these will greatly improve your chances of getting the home you desire:

1. Hire a full-time Realtor. This one is the most crucial. We see people all the time who want to work with a family member or friend who do real estate part-time. The problem is that part-time agents don't know the market as well as full-time Realtors and they don't have relationships with other agents. This makes it difficult for them to get an offer accepted. 
2. Submit a clean offer. If you're asking for a closing clause or an excessive amount on a home warranty as part of the deal, it's going to be difficult to get your offer accepted. Also, asking questions about keeping the seller's appliances can hurt your cause. Finally, be aware of the seller's needs - have your agent ask how much time they need to close, whether they prefer a 30-day or 60-day escrow period.
3. Write a personal cover letter. Simply write a letter about you and your family to the seller, and include highlights of why the property is right for you. We have seen a buyer putting only 3% down win a multiple offer situation against a cash buyer because they wrote a nice letter. It may sound strange, but this is an effective method.

Don't let yourself get beat in a multiple offer situation - keep these tips in mind when making an offer. We can't stress enough the importance of hiring a full-time agent: they have a better understanding of the market than anyone else, are aware of different trends in varying neighborhoods, and know about the schools in a given area. If you are interested in buying or selling a home, give us a call or send us an email. We'd be pleased to assist you.