So you’ve found the perfect house and want to make an offer, but there’s other interest and three more showings today. What do you do? Following these tips to make your offer stand out among the rest.
Submit a pre-approval letter with your offer – Before you even start to look at homes you should be pre-approved so you know how much you can afford. By submitting your pre-approval letter with your offer, the sellers know that your financing is already in order to move forward.
Offer a sizable earnest money deposit – Earnest money deposits vary depending on the price of the home, but a sizable amount shows the sellers how serious you are.
Provide a short inspection time on the offer – Unless inspectors are booked out far in advance, plan for less than 10 business days for inspections. The shorter timeline allows sellers to know if their deal is moving forward and they may be more willing to negotiate on items. We will help assist in booking an inspector and making sure any requests are complete within the timeline!
Have flexibility in closing time – A 60-day closing is standard for financing, but if the sellers ask for a longer time frame, be willing to accommodate, if possible. They may need the extra time to find a new place to live or pack.
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David is the top producing real estate agent in Maine for over a decade. He focuses on the greater Portland area in Southern Maine.