Whew! This market is competitive, and you may be worried that your offer will get lost in the shuffle. But there are ways to stand out from the crowd. Our real estate agents have some stellar advice to make your offer get noticed when you're ready for that dream home from Albany homes for sale.
Keep contingencies to a minimum.
Contingencies, which are beneficial to the buyer, can slow up the sale. As the National Association of Realtors points out, the fewer the contingencies, the more likely the seller is to find the offer attractive. For instance, if the sale is contingent on the buyers selling their home, the seller will want to investigate the buyer's current home, including how long it's been on the market and if its listed price seems correct.
Divesting of seller concessions, such as appraisal, inspection, and loan contingencies can improve your chances of an offer being accepted. You can find other ways of making up for giving up these contingencies. Also, be flexible with the move-in date, and you can make your offer stand out among others.
Make an offer in cash.
Cash offers show the seller that you're serious and that you're in control and not at the mercy of a lender.
Your offer should be complete.
Many potential sales don't happen because of errors. Ensure there are no missing disclosures and that all the information for the purchase agreement is in order. Is everything shipshape with your earnest money deposit?
Add an escalation clause to your offer.
This means that when you make an offer, and a higher offer comes in, your offer will increase. However, the seller may raise the list price instead of accepting an escalation clause, or providing a counteroffer.
An experienced real estate agent can help you through the negotiations when you decide to make a home offer. Contact us today.