It’s hard work to generate viable leads, follow up with them, build relationships with potential buyers, and reach the point where they are ready to make an offer. Unfortunately, all that time and effort is for naught if their offer is rejected. So, how do you give your buyer the best chance of having their offer accepted?
It starts with understanding the various ways you can make your offer stand out from the rest. Lucky for you, I’ve put together this collection of tips to help you do just that!
Abbreviating the contract timeline is one of the best ways to make your offer stand out from a crowd. Ensure that your buyer is obtaining financing and that their lender is up to the task. You want them to be efficient and quick when it comes to critical contract timelines!
Another way to short timelines is to trim the length of numerous different periods. For example, you can reduce the inspection period to five days and the financing contingency to 12. This will help you close in only a few weeks!
When drafting an offer, you have the opportunity to get creative—especially when working with cash buyers and investors. For example, if you are 100% positive you can close on a house quickly, it’s okay to be aggressive! You may even make the earnest money deposit equal to the entire purchase price.
Another effective tactic is to make a slightly discounted offer but have the buyer cover all the closing costs, including the title policy, escrow, and attorney fees.
These strategies can be a bit intimidating to a novice buyer, but the reward is typically worth the brief discomfort. One thing is certain—getting creative is a surefire way to make your offer stand out!
Be an Outstanding Agent
Perhaps this tip should be a given, but in a fast-paced world where you are constantly being pulled in multiple directions, it can be difficult to be as involved in every step of the buying process as you should be. Forming relationships with all involved parties can be key to having an offer accepted, though.
That’s why it’s important to focus on treating everyone with kindness. You will create a lasting impression in the minds of your clients, peers, and anyone else who is involved in the process. This human connection can go a long way!
For more real estate tips, feel free to check out our blog or get in touch with us. We’d love to hear from you!