Buyers: 2 Tips to Make Your Offer Stand Out

Here are two simple yet effective tips that could help your offer stand out.

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Right now, we’re seeing a lot of bidding wars in our hot seller’s market, and I’ve personally seen multiple-offer scenarios fetch offers that were $10,000, $20,000, and even $50,000 above asking price. In many cases, buyers are waiving appraisals and inspections altogether—it’s that crazy out there!

So, as a potential buyer, how can you compete? Thankfully, there are real solutions that don’t involve getting yourself into a financial situation you’re not comfortable with. Recently, we helped one buyer get an offer accepted for less than asking price while still beating out 10 other buyers in a very competitive price range. They didn’t have to wave appraisals or inspections either! Here are a couple of ways that can happen for you:

1. Make your offer stand out. Working with a buyer who’s already pre-approved is important to a lot of sellers; many buyers will be pre-qualified, but the more information you can supply a seller beyond that, the stronger your offer will be.

2. Set aside money for closing costs. In today’s market, it can be challenging to compete with someone who has their closing costs squared away if you’re wanting the seller to contribute a few thousand dollars toward those costs. If you have family who can help you out if you don't have those funds available yourself, I encourage you to try to work something out with them—it's a huge leg up on other buyers to have those costs covered.

If you or anyone you know is currently trying to compete in this seller-skewed market of ours, feel free to reach out to me by phone or email. I’m here to be a resource, and I’d love to share strategies and answer questions.