Are you competing with other buyers on your dream home? Or do you want to make sure that you’ve got the best chance of getting your offer accepted? Well, you’re watching the right video.
These three buyer tips are sure to help you. I’ve helped hundreds of buyers get their dream home! So, I know how scary it can be, and how excited it can be as well. It’s my job to help you get your dream home. Here are few tips.
Number one, make sure that you’ve offered a competitive price on the home. If there are multiple offers, and you’re able to remove the appraisal or loan contingency, then do so. But, make sure that you know the risks that are associated with doing that.
Number two, put down a larger earnest money deposit, if possible. It shows that you’re serious, and also shows that you have money and are more likely qualified to actually purchase the home. Be sure not to remove your loan or appraisal contingency, until you’re absolutely certain that you are fully approved to purchase the home, and that the underwriter has given the full approval. Otherwise, you could stand to lose your initial deposit.
What if you don’t have enough money for a large down payment? Well, maybe you could remove some of your contingencies. For example, maybe you’ve seen the inspections and know the house is in great shape, you could remove the inspection contingency. Or, you’ve been through the entire approval process and have DU approval, then you could remove your loan contingency, so that your offer looks stronger. This is a great way of helping your offer get accepted.
Number three, let the seller know that you have not written offers on any other properties, that you verified the taxes, and taken them into consideration into your payment. Let them know that you’re going to be as reasonable as possible, in regard to the repairs and requests, once you go into escrow.
Write them a personal letter identifying specific things in the home that you love, and include a family picture of yourselves! Believe it or not, all this helps, especially if the seller has an emotional attachment to the home.
Hey, listen, there are so many tips that I can show you, but I could be here for a really long time! So, give my team and I a call, and let us assist you in getting your dream home. And don’t forget, it doesn’t cost you anything to work with us, the seller pays for our fees, but we are here to protect you.
— Krista Mashore