5 Tips To Ensure A Seller Chooses Your Offer

Chances are that once you find your dream home – you know, the one with the doggy door for your furry family member and that shabby-chic chandelier that makes it perfect – you’ll have some stiff competition before you finally sign on the dotted line. Many buyers must make multiple offers before finally landing their dream homes, so it’s a good idea to know what constitutes a good offer, so you can make yours stand out from the rest. 

Below, we let you in on a few of the characteristics of a good offer. Making sure yours includes these things can help you land that dream home and live happily ever after. 

1. Get Pre-Approved and Include It in Your Offer

Before you begin shopping for a home, get pre-approved for a loan. This lets sellers know you’re serious about buying and that you didn’t just see their “For Sale” sign and decide to make an offer. Nothing irritates a seller more than accepting your offer only to find out that you can’t get a loan for their home. Be sure to include your pre-approval letter from the lender in your offer. 

2. Be Willing to Put Down Decent Earnest Money

If you’ve decided you simply can’t live unless you’re living in that house, be prepared to up your earnest money game to win the offer war. There is likely a certain amount that’s acceptable in your area but consider going above and beyond that amount to impress the seller and show you’re serious about owning their home. 

3. Get Rid of as Many Contingencies as Possible

Not many people dream of paying two mortgages at once, but if you can afford to pay for your existing home and your new home until your old home sells, leave that contingency out of your offer. This will let the seller know you want to make the deal happen quickly with as few hassles as possible. 

4. Make it the Best

If there is a lot of competition for the home you want, don’t make the mistake of thinking the seller will be willing to negotiate with you. Others are willing to do what the seller wants, so make your offer the best one by offering exactly what you intend. 

Consider aspects of the offer beyond the price as well. For example, offer to pay the closing costs instead of asking the seller to pay them. Taking on this small responsibility might be the thing that makes your offer better than everyone else’s. 

5. Be Honest and Personal

Connect with the seller by letting them know why you want to buy their home. Maybe you envision raising your family there or can totally see your furbaby running around the big fenced-in backyard. Whatever the case, let the seller know, without sounding desperate, how you feel about their home, and let your agent read it before you hand it over.