Buyers: Top 3 Things to Do in a Hot Market

Filed under: Temecula Real Estate

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Just because the real estate market is hot, doesn’t mean that your offer won’t be accepted. As a buyer, you need to get any advantage that is available to beat out the competitors. If you are buying a home, then you need to follow these tips to increase the likelihood that your offer will go through:

1. Address Any Possible Appraisal Shortage

Are you willing to pay an amount above and beyond the appraisal? Tell the seller that you are willing to pay the extra so that you can buy the home. Addressing the appraisal shortage will help the seller see that you are serious about buying the property.

2. Send a Personal Letter

A form letter won’t be good enough to make your offer stand out from the other offers. Include a personal letter about your family, including a picture of your family on the letter. This personalization can go a long way to convince the seller to accept your offer over another offer. Sharing details about your family will make your offer memorable, adding an emotional touch. Sellers feel good knowing that their homes will be loved and used by a caring family, instead of being purchased by an investor.

3. Update Your Pre-Approval

Pre-approval is everything. It shows the buyer that you are ready for the purchase, and you have the financial means to close on the deal without issues. Make sure that your letter is dated within the last 30 days. Sending an expired pre-approval letter might raise doubt in the seller’s mind. Eliminate these concerns by ensuring that all of your paperwork is up to date.

The real estate market is hot right now, so you need to be ready to put in the extra effort. Every little bit counts! Talk to an experienced real estate agent for other suggestions that will help you buy the home of your dreams.

For more information about real estate in Temecula, call, text or email so that we can talk. I am always here to help with your real estate needs: (951) 473-0390 or [email protected]