Published June 19, 2023
Standing Out in a Competitive Market: 4 Steps To Secure Your Dream Home
Dated: June 19 2023
- Get pre-approved for a mortgage. This means that a lender will evaluate your finances and help you make a plan for what you can afford. They will also give you a green light when you write a purchase agreement. All of this will show the seller that you’re serious and can cross the finish line.
- Plan for your purchase. The first thing you want to do is start setting money aside as early as possible. You need to prepare for the down payment and closing costs, as well as be ready in case you need to cover an appraisal gap. It's always good to have extra cash on hand to make sure that you can win the war.
"A professional can help make your offer more enticing to the seller and help you win."
- Work with a seasoned professional. You need to have someone on your side who knows what they’re doing. Although cash wins most bidding wars, it doesn't win all of them. Therefore, you need someone who works in this industry every day and knows about everything from rentbacks and early occupancy to so much more. They can help you make your offer more enticing to the seller and help you win.
- Build rapport with the seller. Too often, the purchase process can be very transactional. Instead, we want the seller to remember your name with a positive feeling. Therefore, write a letter with your offer that talks about your family and what you love about the property. These compliments can go a long way, and it’s never a bad thing to make sure the seller likes your offer and likes you the most.
