This market can be intense…. shortage of homes, makes all the good ones a tight competition. Here are a few hints to ensure when the offers are presented, yours gets picked!
Is the house getting lots of attention? Do they have two offers or ten… it makes a difference.
Your realtor should do the research to see how many offers are on the table. In the event that they have none, you can be more aggressive versus if there aren’t any other offers they’re entertaining.
In the event that there are numerous offers, it’s a really good idea to write a letter to the current homeowners. Reveal to them why this house is the best one for you and your family. It’s astounding the impact of a letter can do. This can only help in a positive way and may just give your offer the extra bump it needed to stand out.
Discover when a good time is to close the sale. Some of the time this can be the deciding component in the event that they picked your offer versus another. Would you be able to offer a more extended time span for the merchants to remain in the house or even better, would you be able to close faster and offer a lease back? Your realtor can walk you through the advantages of organizing a timeline in order for your offer to be most appealing.
Would you be able to buy the home in as-is condition? This sounds hazardous, anyway the Maryland contract permits that buyers have the chance to inspect the property with a licensed inspector and if the conditions aren’t favorable, the buyer can terminate the contract. Even if the inspection report states a significant issue like a septic failure or well issue, you will be able to request that the seller’s fix the issue or they would need to disclose that information to a new buyer and start the process all over again.
A really good realtor should be able to structure a deal to win over other multiple offers. Terms are almost just as important as the offer price. Ensure you are working with a real estate professional who places you in the best situation to purchase your new home. You will most likely only get one chance so don’t risk it with just any agent!