How To Get Your Offer To Buy A Home Accepted

Reblogger Will Nesbitt
Real Estate Agent with Nesbitt Realty at Condo Alexandria 0225-089134

how to get your offer to buy a home accepted, is an interesting article that can help potential home owners pass through the home buying process with ease. For more specific information about getting an offer accepted, continue reading below.

Original content by Sheila Moylan, REALTOR® #114583

How To Get Your Offer To Buy A Home Accepted

So you have found the perfect Needham, MA or Westwood, MA property and you are ready to buy? The next step is to make an offer on the home to the seller.

But what if the seller doesn’t accept your offer and someone else comes in and sweeps up your dream home right from under your nose?

With so many home buyers out there, many sellers are receiving multiple offers on their properties. This makes it more difficult for you to submit an offer that stands out and gets their attention.

You will need to make sure that your offer is impeccable and appeals to the seller. In order to help your offer get accepted, here are some tips to keep in mind:

1.     Make sure that you have your finances in order before you make the offer on the home, so that you can show the seller your pre-approval letter from your lender.This will demonstrate to them that if they choose you, the process will be quick and easy.

 

2.     Make sure that your offer is neatly presented and includes all of the required information. If the seller receives incomplete offers they might just throw them out.

 

3.     Be ready to make a decision as soon as possible. If you wait a few days, the home might get snapped up.

 

4.     Be flexible with your closing date, making things easier for the seller.

  

5.     Make your offer as “clean” as possible without too many clauses and requirements. For example, avoid asking the seller to pay for lender’s fees, home warranty, etc.

 

6.     If you can, give the seller more than the 1% earnest deposit on the price – which will show that you are financially stable and serious about buying the home.

 

            7.     Write them a personal letter explaining why you love their home and want to live there, including                          photos of your family. The personal touch will make you even more memorable.

 

8.     If it comes down to price, add an extra $500 onto your offer. Although $110,000 and $110,500 are not that different, they will look different enough to the seller.

The best thing to do is to speak to your real estate agent and ask them to figure out what is most important to the seller, such as the terms, the price or the closing date.

You can use this information to craft your offer. For more helpful tips and info about Needham, MA or Westwood, MA property, contact me at (781) 956-6591  or email me at sheilamoylanrealtor@gmail.com.

 

Sometimes, parents become involved, the buying power of yesterday (within 20% of Purchase Price) does not work in today's market.  Parents most of the time overrules Agent's opinion.  This is a tough lesson to learn (both Buyer and Agent) - after many offers are refused, the Buyer starts to listen to their Agent and an offer is accepted - after "Old School" is removed.

 

 

 

Keyword: Needham, MA or Westwood, MA Property

 

 

Resources:

have your finances in order

http://www.getrichslowly.org/blog/2008/09/03/how-to-prepare-for-buying-a-home

earnest deposit on the price

http://homebuying.about.com/od/buyingahome/qt/EarnestMoney.htm

Write them a personal letter

http://realestate.msn.com/make-your-home-offer-stand-out-with-a-handwritten-love-letter

Sheila Moylan

C21 - Commonwealth
Offices in Dover, Needham, Newton, Wellesley and Westwood
(781) 355-7078
(781) 355-7079 - Fax
 
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Rainmaker
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Adrian Willanger
206 909-7536 AdrianWillanger-broker.com - Seattle, WA
Profit from my two decades of experience

Hi Will, this is a very good list for buyers to be familiar with when making an offer. With low inventory levels we are seeing many more multiple offer situations. 

Apr 04, 2014 01:44 AM #1
Rainmaker
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Curtis Van Carter
Better Homes & Gardens Wine Country Group - Yountville, CA
Your Napa Valley Broker Extraordinaire

Will

One thing I like about here, the deposit money is now often wired into escrow and is generally refundable. All these are important points for any buyer to consider. cheers cvc

Apr 04, 2014 04:47 AM #2
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