Buying a Home? Make Your Offer Stand Out!

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Buying a Home? Make Your Offer Stand Out!

Whatever the reason for buying a home, it is important now more than ever that home buyers find a way to make their offer stand out among the sea of other offers that will come in.

The current housing market has all of the demand, without the supply. In some markets, bidding wars have potential home buyers wondering how to make their offers stand out among the rest?

As the housing market heats up, there is a lot of interest both from first-time home buyers and experienced home owners alike looking into buying a home.

Here are 4 tips on how to stand out in a bidding war:

Buying a Home? Make Your Offer Stand Out!Stay simple and upfront. Being in a market with multiple offers can be tricky, but it’s important to keep things simple when it comes to your offer. This doesn’t mean neglecting large issues in the home or turning a blind eye, but if there are small fixes or repairs that you can do yourself then try to be open-minded. Instead of losing the house over small details, be upfront about large issues and come to quick compromises on the little things.

Write an Offer Letter. This is a formal letter where you can express to the owners your thoughts about the home and why you want to buy it. This is a great way to share your vision for the home and what you like most about it. Many sellers will appreciate a personal touch like this.

Personable Delivery. This is all about building relationships. While it may seem old fashioned to have your agent handle the deal in person, it can be much more personable and intriguing to sellers to actually speak with you and your agent as opposed to reading a fax or email.

Follow-Up with a Loan Officer. Once you’ve submitted an offer, you may also have your loan officer call the listing agent to assure them that you are qualified and ready to finish the home buying process.

It’s important to remember that this home was likely important to the seller, and your plans of remodeling or changing the home might not be appreciated. You should convey what you love about the home, why you want to move there and that you are ready to move in quickly.

The most important part is to act right away when it is time to close escrow!

Are you ready to become a home owner? We would love to help you on your way to homeownership! Call us today at Showcase Realty at 704.997.3794 or send us a message here!

Are you debating buying a home in Charlotte? Make sure to read Charlotte, NC: The 3rd Most Attractive Real Estate Market in America to make a more educated decision! Looking for more home buying tips? Here are the Top 11 Things to Know When Buying a Home to help you!

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