The home buying market continues to heat up here in the summer of 2020, we are seeing some fierce competition out there with multiple offers within hours of a great home coming on the market. Some may find it intimidating, it doesn’t mean you can’t get the home you love, you just have to play a little harder!

Want to make sure a property doesn’t slip through your fingers? Put these five tips into action to make your offer stand out over the other buyers:

Write a personal letter to the seller. Tell them what the home means to you and your family.  Include specific features you love about the home and how you can see your family living and growing up in the home.

Add an escalation clause. Your agent can add specific language to the contract and you agree to increase your bid (up to a certain point) if another buyer outbids you. It’s a simple way to ensure you stay at the top in a bidding war.

Be flexible. Know the seller’s timeline and if they have a date they need to hit to make their move perfect for their plans, aim for it!

Increase your earnest money. Increasing your deposit can give a seller extra confidence in your offer. Just remember that sellers may end up keeping the earnest money if you cancel the transaction.

Get pre-approved for your loan. Inspire confidence by providing a pre-approval letter from a trusted local lender.

Ready to start your home search? Get in touch and let us help you find the perfect home and make a winning offer!

John Ringgold

John became a top real estate agent by using systems and setting goals.  He has developed his business into a successful real estate machine. With his knowledge of technology in real estate and his patience and understanding of daily real estate issues, John is using that knowledge to provide excellent service and a high level of value to his customers and clients.