How to Get Your Offer Accepted on a House
Shopping around for a new home is often an exciting process when you're ready to own property. You may know your wants and needs or the local area where you want to live. If you want to land the home of your dreams, there are a few important tips to follow to ensure that your offer is accepted.
Avoid Talking Poorly of the Home
One of the most common mistakes that many buyers make is talking negatively about a house that they want to purchase. If the seller is present, avoid speaking badly about the floor plan or the overhead lighting that is installed, which can create a bad relationship. They'll be turned off by your opinion and won't be as eager to accept an offer that you make. The feedback that you provide should be pleasant and positive to avoid sabotaging the deal later on.
You can build a relationship with the seller by writing a letter to communicate how much you love the home. Don't be afraid to share photos of your family and discuss how much it would meet your needs. You can also send a thank you note to the seller after you've toured the property to ensure that you stand out as a buyer and make an impression.
Hire a Real Estate Agent
Working with a real estate agent will make it easier to negotiate the selling price of the home without turning off the buyer. Real estate agents are skilled in negotiating and knowing the right price to offer to ensure that it's fair for both the buyer and seller. The professional can provide their expertise on how to make an offer that will allow you to get a good deal without offending the seller. Working with an agent can also prevent it from getting personal by avoiding having contact with the homeowner.
Avoid Asking for Too Much
Sellers often want to sell their home quickly and move on without spending too much time making repairs to meet the needs of the buyer. Avoid asking for too much if you want your offer to be accepted to make it an easy and convenient transaction for the seller. Keep the offer as clean as possible without any contingencies. Waiving the contingencies will offer the seller peace of mind that you can come up with the money even if the lender doesn't provide the funds.
Keeping the contingency periods short by asking for seven days to complete the inspections and by scheduling the inspection the day that your offer is accepted will help. You can also ask your lender to order the appraisal immediately after the offer is accepted. You can even offer to waive the inspection, which will only cause you to lose the deposit if you change your mind.
Offer above the Asking Price
A simple way to stand out as a buyer is to offer more money than the asking price on the home. Sellers are often interested in making more of a profit and will likely accept offers that earn them more money as you eliminate your competition.
Make a Cash Offer
Cash offers are considered to be king because they make for a smooth and easy process that doesn't include financing contingencies and banks. Cash offers will allow the seller to have peace of mind that the offer won't fall through due to a lack of financing. It will also prevent you from waiting to have your home loan approved.