As listing agents, we see a ton of offers come in on our homes. So what makes an offer stand out to us? What do we look for, and what compels us to take a second look at your offer?
The first thing we look for is a local pre-approval letter; we always joke about seeing online lenders that are not within our strangling distance. We want to ensure you have a local lender with whom we have a relationship, or at least one we know of so we can make calls to them and have a smooth transaction.
Another thing we like to get in advance, which will give you an advantage, is a letter from your employer. Basically, they’ll say you are an essential employee, or not on a furlough list. These things are crucial amid the uncertainty of this health crisis market.
Two other things that are great to do: provide proof of funds and remove the appraisal contingency (your real estate agent can explain what that means for you). These are key things we look at when we’re presenting offers to our sellers. For example, last week, we had a house that received 29 offers, and these were the things that stood out.
We look for a lender we can trust so
the transaction runs smoothly.
An additional way to stand out is to make a video with your family; this sentimental touch separates you from everyone else. The seller can feel connected to you, and it will put you in the strongest position possible.
Likewise, our HBR buyer’s agents already know these things, so they write offers that listing agents can accept easily.
If you have any questions about real estate, please reach out to us via phone or email. We would love to help you.