The real estate market has heat up and certain markets are seeing multiple offer scenarios where there is low inventory.
Hi, I’m Tanja Odzak, Our East Bay Home brokered by eXp Realty.
As a home buyer, putting an offer on a property that has multiple offers can be daunting and frustrating. But it doesn’t have to be if you have the right real estate professional working on your behalf to make your offer more attractive and increase the chances of it being accepted. As a buyer, there are several things you can do to make your offer more attractive and increase the chances of it being accepted. Here are a few suggestions.
Offer a competitive price.
One of the most effective ways to make your offer stand out is to offer a competitive price. This doesn’t necessarily mean you have to offer the highest price but it should be fair based on the current market conditions in the area. Also,
Be Flexible with the Closing Date. Sometimes sellers need more time to move or have to close quickly. Offering a flexible closing date can be a big incentive for getting an acceptance. Offering free rent back to the seller can be very enticing if they need more time to close. You can even
offer a large earnest money deposit. This shows the seller you are a serious buyer and shows commitment to the sale. Or maybe
limit your contingencies. If at all possible, limit as many contingencies as you can to make your offer more appealing to the seller. This may mean waiving the appraisal or inspections depending on the property. Finally,
be preapproved, better yet have a pre-underwritten preapproval, by your lender. Being pre-approved for a mortgage shows a seller you have the financial means to make the purchase and have taken the steps to secure financing. Also, being able to show strong proof of funds will show the seller you are in a good financial position to make the purchase.
Bottomline is always best to work with an experienced real estate agent and a lender who can show you the different strategies to help make your dream a reality. Reach out to me so I can help strategize your next move.
And if you’re someone that needs to sell a home, ask me about my home selling plans where you get to pick which real estate services you want and the fee you pay… Most of the them include my super duper digital marketing that… no one else does in our area. I’m Tanja and I sell homes. I offer simplified and transparent choices!
I’m a Top Producing Realtor® in the OAKLAND / BERKELEY / EAST BAY AREA. I’ve been in the San Francisco East Bay Area since I came up to do my undergrad at UC Berkeley (a long time ago!), with a short stint at UC Davis while getting my Master’s. I take my duties as a Realtor® and Fiduciary very seriously, I enjoy educating my sellers and buyers along the way. Putting People, Before Profit.
Why not check out one of my no-obligation, online, On-Demand, virtual Real Estate Seminars?
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