How Do You Make Sure Your Offer Stands Out?

Chester County Real Estate Agent Matt Fetick provides four tips that will help to reinforce your offer and make it more appealing for the seller.

There is a wide selection of top-quality homes to choose from throughout Chester County and Northern Delaware. If you're interested in looking at all the current homes that are listed, GO HERE to perform a Full Home Search, or if you're considering putting your home on the market, CLICK HERE to obtain a Free Home Value Report. For any other questions you have regarding Chester County Real Estate or the value of your home, please feel free to call or text me at (484) 727-4070.

If you have been keeping track of what's going on in the real estate market, you have noticed that in certain price points in certain school districts, it's gotten very competitive to buy a home. The price points with low inventory are the most competitive, and lately home buyers have been asking us, "What should I do to help my offer stand out?"

What you don't want to do is keep bidding up the price, that's not what it's all about. We have 4 great tips for you to improve the likelihood of the seller accepting your offer. Here they are:

1. Shore up the contract terms
You want to make sure the terms of your contract are solid, and you reduce as much risk as possible for the seller.

2. Increase your deposit money
Make sure the seller feels confident that you have enough funds at risk that you won't back out of the contract.

3. Expedite the inspection process
A lot of buyers think it may take 2 or 3 weeks to get inspections done. In our experience, you can get most of your inspections done within 5-7 days. That's very attractive to sellers, because if you choose to terminate a contract for whatever reason, they haven't lost more than a week on the market.

4. Make sure you are pre-qualified
Your pre-qualification should be for at least the sales price of the home, but probably higher. Getting a pre-approval for $10,000-$15,000 over the offer price is a good way to show the seller you are financially capable of purchasing a home; what you can afford and what you are willing to pay are two different things, however.

All of these things work together to make your offer look attractive to buyers. In today's competitive market, if you want to make sure you win without overpaying, give us a call or send us an email so we can show you how we can sell your property faster and for more money. We look forward to hearing from you soon!