You've found your dream home. After owning several Mississauga homes you merely liked, you've come to Salt Lake City, Utah and found the perfect house. The only problem is that you're not the only one who thinks so! Your offer sparked a bidding war. You've given it some serious thought and decided the house is definitely worth the extra effort and money. So let us give you some tips on how to come out on top.
Get Pre-approved
If you're going to put in an offer on a home when the owner has several buyers to choose from, she's not going to choose you if your purchase of the home is conditional on the sale of your old Brampton real estate or on you finding a mortgage lender. Have your applications in and your mortgage ready to go as soon as she says yes. This lets her know that you're serious about buying. Make sure to get approved for more credit than you would need to pay the offering price to give yourself room to bid but DON'T tell ANYONE what your ceiling is.
Offer More
If you're making an offer in a situation where there might be others, don't bid less than the asking price and don't bid at the asking price, either. You don't need to go over the top and promise them enough to buy half the Toronto condo real estate listings but an extra thousand or so in an odd number, such as $412,300, could give you the edge over your less imaginative competitors.
Make Contract Concessions
Do everything you can to please the seller. If you know she wants to sell quickly to make a move on a condo for sale in Arlington, TX then offer her a closing date that's soon. Offer to pay more than the buyer's usual share on closing costs if she's worried about those. Offer to buy any furniture she's not keen on taking with her.
Connect Personally with the Seller
Visit the home several times and make no secret about how much you love it. Let the owners know you'll look after it, value the gardening work they've done in the yard, and caring for the roses they have planted. Bond over shared interests. Perhaps you both once owned Lagrange NY Real Estate or you play the same sport. Sellers will often choose buyers they like, even if they're not the highest bidders.
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