When buying a home in a hot market, time is of the essence. Here are some of my best tips to successfully navigate making an offer in a seller’s market.
1. Always assume you're competing against several other offers
🔑 A beautiful home that is priced well can easily attract more than one offer. The seller’s market is not the place for making low offers and hoping someone will bite. You will have to make your offer strong enough to beat out a multiple-bid situation. Keeping your offer aligned to the home’s value will help you secure the home you’re interested in.
2. Get Pre-Approved
🔑 If you know you’re going to be buying soon, secure a pre-approval letter from your lender. This pre-approval shows the seller that you’ve already started the process, and it won’t be difficult for you to be approved for the mortgage to buy their home.
3. Find off-market properties
🔑 Off-market properties can be found through direct mail, social media, wholesalers, or your real estate agent. These are your best bet to negotiate, and can help sellers who are looking for less hassle and a quicker closing.
4. Make your offer stand out
🔑 Showing the seller that you’re a serious buyer who’s willing to go the extra mile, both in your intention and financial offerings, can make your offer that much more desirable. If you write a good, fast, and clean offer, your chances of acceptance are far better than those of a buyer who is unprepared.
In a seller's market, the right real estate agent can make all the difference. If you're looking to buy a home, contact me! I can help navigate you toward making the perfect offer to secure your dream home. 🏠
Align Real Estate