Up to 83% of American homebuyers are looking to purchase single-family homes for sale, according to Zillow. However, many of these same homebuyers often wonder if it’s worth competing against other homebuyers for real estate. After all, many sellers will often receive a variety of offers.
However, your offers on the houses for sale you love are just as likely to be chosen by the seller as any of the other offers. Therefore, it’s always a good idea to put in an offer for a home whether the competition is high or low.
Here are a few tips to help your own offer on a home stand out from the rest.
Submit Your Best Offer And Your Biggest Deposit
Even sellers with the best realtor fear potential homebuyers pulling out of the transaction at the last minute. Consider putting down a large deposit as a part of your downpayment.
A large deposit tells a seller that you’re serious about buying the house. What’s more, by offering your highest price for the home at the get-go, you help to stamp out the competition. You don’t want to hope for negotiation when there’s other competition on the market.
Choose a price you’d be willing to pay that won’t kill you and lay it down as your offer. Consult with your realtors to get an idea of what the best offer might be for the neighborhood. By consulting with your realtors, you’ll keep yourself from paying over market value.
Time Is On Your Side: Give Some To The Sellers
Another way to stand out from the crowd when it comes to the real estate competition is to give the sellers time to move after closing on the home without compensation. If you’re selling your own home while buying another, you know it can be a struggle to get everything to run smoothly.
By offering the sellers two or three days additional days after closing to move out of their home, you’re showing them more than courtesy. You’re also showing the sellers that you’re a good and responsible homeowner, which any seller would appreciate.
It can be challenging to find your dream home when you’re competing in the real estate market. Integra Realty Group can help make the path to your dream home that much easier. For more information on homes for sale in Bismarck ND and Mandan ND, contact Integra Realty Group today.