In the current market, it’s imperative to have a strong and competitive offer when submitting to seller’s. Here at Bialack and Associates, we have continued to produce competitive offers with our submission tactics and negotiation skills, allowing our clients to purchase the home of their dreams. So what exactly does it take to have a “strong offer”? Here are some simple tips and tactics to consider:
- Research and find a Realtor® who maintains professionalism, keeps and maintains relationships with other agents (this is important, most agents are likely to favor those who they know are competent and familiar), and communicative.
- Put all docs into one PDF including a cover sheet with a breakdown of the offer.
- Protecting the buyer’s EMD (Earnest Money Deposit) while still removing enough contingencies to remain extremely competitive.
- Work with a lender that does a complete and thorough pre-approval process and maintains communication at all times. This is also important in a “cross approval” situation. If the lender is efficient, they will already have all information ready for any cross approval requirement. Having a lender who is well ordered and has done a thorough pre approval process, also means that you might be able to remove your loan contingency prior to submitting and offer, making your offer even more competitive.
- Include an Escalation Clause to stand out among multiple offers.
- Have a “Whatever it Takes” Mentality.
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