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How to Write an Offer – and Win the Bid – In Today’s Challenging Market for Buyers

With inventory levels at all time low, it is no wonder that buyer are facing some challenges getting the home of their dreams. What exactly are they dealing with these days? Well, for starters they are having a hard time finding the perfect home. And after exhaustive searches when they finally do find the home they want to make an offer on – they discover that in many cases, other buyers are also bidding on the same property.

When it comes time to making an offer in today’s seller-centric marketplace, how can you stand apart and be noticed by the seller so that your bid is the winning one? We’ve shared four of our favorite tips on how you can gain that edge and get into the home of your dreams.

Time is of the Essence
At a time when very many buyers are vying for very few homes – it is critical that you spend the time and effort needed to find the home you want. Leaving just evenings and weekends to look at potential homes poses a challenge since most other buyers are doing the same thing. By taking a proactive stance; perhaps leave work early or look at homes during the day during lunch break can make all the difference.

Make an Offer Quickly
Anyone shopping for a home these days can tell you that it’s not easy to find the perfect home – or even a strong contender. When you do find it, don’t waste time – get in and put an offer on it! The faster you get that in, the less chance there is for other buyers to see the home and upstage your offer.

Make Your Offer Strong
Most buyers have the misconceived belief that simply by reducing the price of the home – their offer will be the most attractive. The truth is that other things also have a strong impact on sellers. Make sure all required documentation is filled out completely. Remove any contingencies if they are unimportant to you. Be flexible with your negotiations and most important of all, employ some of the key strategies suggested by your real estate agent.

Find a Knowledgeable Agent
For most people, the purchase of a home is the largest financial transaction of their lifetime. Rather than risk making a mistake or worse, potentially losing the home – have a strong, knowledgeable agent by your side. They will protect your interests, provide valuable advice and counsel and most important of all, they will help you get the home of your dreams.
Buying a home in today’s market should be a great experience and we’d love to be a part of that with you! Contact us today to learn more about how we work to achieve our clients’ real estate goals. And don’t forget, join us every Saturday on AM830 KHVH for the Team Lally Real Estate Show

Call our buyer hotline 234-4421 for a free list of our coming soon properties!