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Getting Your Offer Accepted in a Seller’s Market

Here are a few tips to help you get your offer accepted in a seller’s market.

A seller’s market is a market where, in most cases, home sellers have the upper hand over buyers. When we’re in such a market, buyers often ask, “How do I get my offer accepted?” Well, today I’ll share a few tips to help you find success as a homebuyer.

1. Work with an experienced buyer’s agent. As you’re interviewing agents, ask them how many deals they’ve done in the past 12 months and ask them to share some success stories that demonstrate their negotiating skills so that you know they’re up for the task.

2. Price and terms. Buyers often think that price is the most important thing, but you need to think about terms, too. When you’re competing with other buyers, look at things like extended closing dates, leasebacks, or other items that might be important to the seller beyond just the price. An experienced buyer’s agent will reach out to the seller’s agent to find out what is important to the seller.

Buyers often think price is the most important thing, but you need to think about terms, too.

3. Get pre-qualified. Too many buyers are out shopping for homes when they haven’t even completed the mortgage pre-qualification process. When you go to write an offer, your agent will submit your pre-qualification letter along with your offer; a strong pre-qualification shows that you are a strong buyer that the seller should want to work with.

4. Find a great team to be on your side. Beyond just a good buyer’s agent, you’ll also want a title company, lender, and even a home inspector on your side so that they can reach out to the seller’s side and tell them how great you are and why they should work with you. Your Realtor should be able to help you put that team together.

5. Always put your best foot forward. Make your initial offer a strong one. That way, when the seller receives your offer, they’ll know that you’re serious about buying their home.

If you have any further questions about how to find success as a buyer in our market or anything else to do with real estate, don’t hesitate to reach out to us. We look forward to hearing from you.

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