How to Make a Strong Offer in a Competitive Market

Price is an important aspect of your home offer, but it’s not the most important part. There are three things that can strengthen your offer just as much.

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When buying a home in a multiple offer situation, it’s important to know how to write an offer so that it stands out among the others. Increasing the price of your offer will always make it stronger, but there are ways to make a stronger offer without necessarily increasing the price. Here are three ways to do that:

1. Create a closing date as close to your offer date as possible. The longer it takes a home to close, the more risk the seller takes on. A lot of things can happen in a month or two, so making sure you reduce the length of your closing will reduce the seller’s risk and strengthen your offer.

2. Reduce or eliminate as many contingencies as possible. Especially in a multiple offer situation, if you can reduce or eliminate some contingencies, your offer will be much stronger in the seller’s eyes.

3. Write a personal letter. In today’s society, we are as disconnected as ever due to technology and social media. A lot of personal touches aren’t used anymore. Write a letter to the seller that tells them how the house makes you feel and how much you want to continue to build memories in it. I have seen a personal letter win one of my clients a home in a multiple offer situation where their purchase price was lower than others.

Those are just three ways you can negotiate a strong offer without paying the highest price. If you have any questions for us, feel free to give us a call or send us an email. We look forward to hearing from you.

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