Make an Offer That Sellers Can't Refuse
With shrinking inventories, many buyers are finding only competitive offers will win them the house they want. Listed below are several ways that home buyers can make more competitive “irresistible” offers. Be pre-approved: Develop a strategy with your loan consultant. They will help you review your credit reports to make sure they are accurate. They can also advise you on short-term steps to improve your credit score. Then you will be ready to take the next step and get preapproval. The preapproval letter will show sellers you are a serious buyer. Don’t lowball: You may only get one chance to get the home you want in a competitive market. You may not get a second try to sweeten the deal later, so a lowball offer the first time around could cause you to lose out. Use sales prices of comparable properties in the neighborhood to submit your best offer the first time around. Your realtor can provide a Comparative Market Analysis for the property you are considering buying