Preparing to sit down and put pen to paper when it comes time to write your offer can be an exciting and anxious time. How much should I offer? Should I try and negotiate or just lay my cards on the table?
Other factors that may also play in to how to write your offer.
- Is there more than one offer?
- What is the Sellers motivation?
- Will I need to make any repairs right away?
Try these 5 proven methods and learn how to write an offer that gets you that house!
Aside from how much to offer and how long should my contingencies timelines be, there are 5 easy ways to get the sellers attention that go a long way in the offer process!
- Make your Earnest Money ‘earnest’ – Remember, earnest money is not only a Noun but a Verb! The amount of earnest money can be a strong indicator to the seller of how “earnest” you are and how much you want the house.
- Go for a quick close – This is a great way to really get the sellers attention. In some cases a short escrow period will motivate a seller to take your offer.
- Attach your pre-approval letter with your offer – It’s also a good idea to make your lender accessible to the sellers agent for any additional questions about your financing. Very little spooks a seller more than a secretive or less than complete financial picture.
- Attach a copy of your credit score with your offer – We’ve talked with many of our real estate partners and they’ve mentioned their sellers are very curious about the buyers credit scores! Credit issues can hold up a closing or force the failure of a sale all together so this is a smart move to give the sellers a peace of mind.
- Have your inspection already scheduled – Sounds silly but letting the sellers know the date and time you’ve got your inspector scheduled when presenting your offer can do a number of things that get your offer accepted.
#1. It may very well get the offer signed quicker and with less counters AND
#2. Shows the sellers you’re not messing around and have every intention of buying this house!
We hope this article helped you understand the subtleties of making an offer on a home. If you, or anyone you know is thinking about buying a home and have additional questions or concerns about the process, please feel free to call us directly at 978-640-0620, send us a message or leave a comment below.