What Makes a Great Home Offer?

Posted by Kristin Lally on Thursday, February 20, 2020 at 12:01 PM By Kristin Lally / February 20, 2020 Comment

We're about to head into the busiest home-buying season of the year. Want to make sure your offer stands out in a bidding war?

A great offer includes:

The right price: Don't go by listing price only. Factor in comparable sales, the home's condition and local demand.
Proof of Funds (if using cash) or Pre-approval (if using a mortgage): This shows you've talked to a lender, have planned ahead and are serious about buying the home. Please know exactly what is in a pre-approval letter, some letters are stronger than others.
Flexible Terms: Closing timeframe, earnest money amount, inspection terms, plus other important factors can help reduce red flags or concerns of the Seller.
Should you write a personal letter or not? Speak with your Realtor about potential Fair Housing implications if you want to write a letter.

An experienced agent is your best resource when making an offer. Reach out if buying a home is on your radar this year.

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