As the market shifts from a buyer’s market, it’s good to know how to improve your chances to have the seller accept your offer.
Here’s what to know, whether you’re buying, selling or just curious.
Here’s an honest look, whether you’re buying or selling.
What to know
Once you decide on a home, don’t waste time; write an offer and submit it as soon as possible. Competing with another buyer happens more frequently than you’d expect. Multiple offers are a seller’s advantage but here are some tips to level the playing field:
- Realistic offer – don’t give the impression you’re trying to “steal” the property. Submit comparable sales that justify your offer.
- Pre-approval letter – this satisfies seller’s biggest concern that an unqualified buyer will unnecessarily take the home off the market and the seller will lose other opportunities.
- More earnest money – it shows you’re serious and makes the seller feel like the contract will actually close.
- Minimize contingencies – from a seller’s standpoint, each contingency is one more reason why the sale won’t go through. They feel the home is “off the market” and they’re in limbo.
- Shorten inspection period – your agent can help you set a reasonable date but let the seller know you’re willing to close prior to that if possible.
- Write a personal letter to the seller telling them why you want their home – this can be the emotional connection to the seller that makes the difference in you getting the home.
A seller wants to feel confident that the offer they accept will actually close so they can plan for their next move. Following tips like these can definitely affect negotiations and help put together an offer that is more likely to be accepted.
A simple plan for your move
I’ve been helping people buy and sell homes across the west metro for about two decades, and I build and remodel luxury homes too. I’ll help you see both what a property is and what it could be.
Getting the house ready, or making it yours
If you’re selling and want repairs handled before buyers see them, Super Crew Contractors can give you an estimate. If you’re ready for something custom, Ivy Lane Homes does luxury home building and remodeling. And a quick coverage check with Intrinsic Insurance before closing can save you a surprise. Ready to talk? Start a buyer plan or ask what your home is worth.
Your next step
Every move is different. Whether you’re buying or selling, I’ll help you make a plan that fits.
Please note: I don’t handle rentals or property management. I work with buyers and sellers, and that’s where I can help you most in the Twin Cities.
Stay close to the market, without the noise.
Every so often I send a short, practical note: what Twin Cities homes did, prep tips that are worth the money, and neighborhoods worth a look.
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