How To Get Your Offer Accepted
These three tips will help you make a winning purchasing offer.
How do you write a strong offer in a competitive market? Here are three things you can do to make your offer stand out.
1. Find a reputable, quality lender. I can help connect you with experienced lenders. They will educate and guide you to the best loan options available, minimizing your risk once we find a home.
2. Bridge the gap. If you’re financing your home, an appraiser will determine that it is worth what you're paying. In an appreciating market like Seattle, you can strengthen your offer by waiving the appraisal contingency or using an appraisal buffer, which will tell the seller that you'll close on this home even if there's a difference between the purchase price and the appraiser's opinion of value.
3. Non-refundable earnest money. This option isn't for everyone, but if you're waiving all of your contingencies, the next best thing you can do is release your earnest money to the seller's bank account so they have access to the funds immediately. This is inherently risky, so be sure to discuss the risks with your agent and lender before doing this.
If you want more tips on making a strong offer or need help with your real estate plans, call or email me. I’m always happy to help.
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