Tips to Get Your Offer Accepted in a Tough Market

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Are you or someone you know in the market to buy a home right now? The industry is competitive, which means that it can be hard to get your offer accepted. It can feel frustrating to get passed by time and time again, which is why you need to be proactive in working with a real estate agent who can help you buy a home.

Tips and Tricks to Get Your Offer Accepted

I want to give you some tips and tricks on how to get an offer accepted in a tight, tough market. We have low interest rates and lower inventory, which means that buyers are bidding things up.

It’s essential to take into consideration what the seller’s fears are. Most sellers are afraid of these things:

  • The home may not appraise
  • They may sell the home for not enough money

With these buyer concerns in mind, here are a few key things that are working to help my buyers get selected over the other interested parties:

  • Escalation Clause: You can have an escalation clause in your offer. With this strategy, you offer a specific amount for the home, with the option to increase the offer by $1000 or $2000 at a time to a maximum price listed in the offer. The seller must provide proof of the next highest offer. This strategy can help you win the bid while staying within your maximum parameters, and you’re not over-paying for the house.
  • Above Appraised Value: The market is rising so fast, which means that appraisers are having a hard time appraising homes at value. As a buyer, you have the ability to say that you will offer $10,000 or $15,000 above appraised value (should the home not appraise). This approach goes a long way in making the seller more comfortable about buying your home.

Local Help Buying or Selling a Home

The market is crazy right now – not only in Temecula, but throughout the state of California – which is why you need a trusted real estate expert by your side. If you are buying or selling your home, then I’m always here to help. Send me your questions by calling, texting, or emailing me: (951) 473-0390 or [email protected].