Perhaps you have been searching for your dream home and you have already found the one you really want but before you get a chance to do anything about it you drive by and notice it is ‘under contract’ or ‘pending’. If this happens to you, don’t give up on your dreams there are things that you can do to make things go in your favor. Below are a few ideas for you to try if you find that your dream home is about to slip through your fingers.
- First of all if you find that the home you have your eye on is ‘under contract’ you need to know that you shouldn’t give up. Under contract doesn’t mean that the sale has taken place it only means that an offer has been made but that it hasn’t closed yet. There is still a good chance that the home may come back on the market again especially if the buyer cannot come up with the funds needed through financing. Another reason a sale pending may fall through is if the inspection doesn’t work out.
- Talk to your Realtor and let she or he know that you are interested in the house that is under contract. Many times seller’s agents will continue to show a home until the last minute. They do so because they may be hoping for a better offer than they currently have. They also do this so that if the funding falls through for the current bidder they will have someone else in line to make an offer quickly afterwards.
- If you REALLY want this house and you don’t want it to slip through your fingers you can always make a higher bid than is currently in play. If you can afford to do this, it can be an easy way to make things go in your favor.
- Sending a handwritten note to the seller is a great way to let them know just how serious you are about purchasing their home. Hand written letters are pretty much a thing of the past these days and a handwritten note may make all the difference in the seller’s decision.
Some of these tips for snatching your dream home out of ‘under contract’ or ‘pending’ status are pretty unconventional but if you really want the home to be your own you may be willing to do whatever it may take. In the end if you don’t end up getting the home, there is another one out there that is better for you and your family.
Courtesy of Greenville NC Real Estate Expert Liz Freeman!
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