There is a lot of frustration in the real estate market right now for homebuyers. There’s so much buyer demand, and very little inventory.
One reason why is because the people who currently live in their home and are looking to sell can’t find a home to buy, so as a result, they don’t sell theirs. So with inventory so low, the competition to have an offer accepted is much more fierce.
There are strategies to having an offer accepted
If you are a buyer, there are strategies that can increase the chance of getting your home offer accepted—strategies I can provide you and help you with, to help you get your offer accepted, to get you a better chance.
Now, I’m not talking about overpaying for a home. Nobody wants to go and overpay, right? I’m talking about simple strategies that we can implement during the process of looking for a home and writing a contract that increase your chance of getting your offer accepted as soon as possible. That’s the important part, because as prices increase, you’re going to be getting less home for more money. And so the sooner we can identify a property that meets your needs, a property you love, at the price you want and the terms you want, and the sooner we can negotiate and get you under contract, the better off you will be.
One strategy that works
Here’s one strategy that I know works: Increase your earnest money deposit. As someone who lists a lot of homes every year, I get to see why a seller accepts one offer over another. We get five, six, maybe 10 offers sometimes on the properties I list and sell. So I sit down with the sellers and we look at these offers, and a lot of them have this one thing in common: A strong earnest money deposit often makes the difference between getting your offer accepted and not.
Instead of putting a $1,000 deposit down, or even one-and-a-half to two percent, whatever it is of the purchase price, put that skin in the game. Let the seller know you’re serious. You love the home, and if once you remove your contingencies to purchase, you’re willing to risk that money.
And that’s one strategy you can use. I’ve got many, many more, and I’m going to share those with you in upcoming posts. These are strategies that very few agents in the marketplace know about, but I’m happy to share them with you.
Contact me directly for more info
If you don’t want to wait for a future post, feel free to call me at (559) 708-8768. That’s my direct cell phone number. You can call me on it, or email me at Jason@fresyes.com. I know I can help!
Photo by Russ Hendricks