How to Ensure Your Offer Stands Out to Home Sellers

It’s a competitive home buyer’s market. The Austin Moyer Team has the experience to help your bid stand out. Here are our top five ways to look good to home sellers. 

1. Lean on your real estate agent

We are here to leverage our experience to support you through this process. We can anticipate obstacles and help you be ready to tackle them so that you can be successful in your bid. Our goal is that our knowledge will give you an edge in even the most competitive markets. Though every step of this journey, lean on us!

2. Get pre-approved

 When you’re serious about bidding on a home, be sure you know how much the bank will allow you to borrow before you make any offers–even verbal. Your real estate agent can direct you to trusted lenders as well as make sure you take advantage of any incentives available to you, such as first time home buyers program or VA Home Loans for veterans. 

3. Larger Down Payments and More Earnest Money

Offer a larger down payment to show the seller that you are serious about the purchase. It may make you a more favorable bidder. You could also consider increasing your Earnest Money or Good Faith Payment. This is a percentage of the sale that the buyer will extend to the seller so that they will take their home off the market while you close. The buyer will expect to do this either way, so if you can spare more of that cash, be sure to ask your realtor to discuss it in negotiations. 

4. Cash Offer

If you have the cash to buy the home in full, make that offer. It will expedite the selling process and eliminate some of the red tape and third parties that come with home buying. 

5. Flex 

Finally, communicate with your real estate professional on the areas you’re comfortable being flexible. Knowing where you’re okay with rearranging to meet some of the sellers’ wants will help us to show our good faith. For example, maybe you’re okay with increasing the downpayment or waving certain contingencies if the seller asks. Your agent will talk with you about the possibilities. 

Finally, let’s get in touch! The Austin Moyer Team has the experience to help you stand out against other buyers. Click to contact Austin Moyer Team at Coldwell Banker Custom Realty or call 585-505-7012.