Buyers: How to Make an Offer More Competitive

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The low inventory in the real estate market continues, making it a challenge to buy a home without a specific strategy to beat out the competition. Since there aren’t many properties available on the real estate market, newly listed homes move fast.

If your offers aren’t being accepted, don’t assume that it is the wrong time to buy a home. Instead, work with an experienced real estate agent who can help you find a competitive edge.

How to Make Your Offer Stand Out from the Competition

It is still possible to buy the home of your dreams, even in a tight real estate market. Here are some of the tips that I recommend to ensure that your offer is noticed by the seller:

  • Current Pre-Approval: Show the seller you are serious by providing documentation with a current pre-approval. If your pre-approval letter is outdated, then it might suggest that you are a passive buyer. Since pre-approval is necessary for financing, up-to-date information puts the seller’s mind at ease to know that you can pay for the home.
  • Personal Letter: Add a bit of personality to your offer by sharing detailed information about yourself and your family. Send a personal letter with the offer paperwork so the seller can see that a loving family will be living in the home. It can be hard to sell a family home because of the emotions and memories that were built over the years – which means the seller will be more likely to choose a family buyer, even if the offer is lower than that of an investor.
  • High Offer: If you are really interested in the home, consider paying a higher price tag over the appraised value. The real estate market is continuing to rise, which means that there is a good chance you will recover the investment with time.

Don’t underestimate the power of small details when offering on a home. These tips will make your offer stand out and increase the likelihood that you will win over the other offers.

Whether you are buying or selling a home in Temecula, I am here to help you get the best deal possible. Call, text, or email me with questions about your property. I am here to help: (951) 473-0390 or [email protected].