Northern New Jersey Real Estate Expert discusses steps to consider when making an offer on the potential home purchase.
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With the market improving here in Northern New Jersey, multiple offer situations are becoming more and more common. To help you survive in this crowded market, we want to provide you with some tips to help you make a competitive offer.
First, it's important to get a pre-approval from a lender. Getting pre-approved makes you much more attractive in the eyes of sellers, as it is proof that your finances are in order and you are ready to buy.
Next, you need to write your highest and best offer from the start. If you put in a weak offer, thinking you can always strengthen it later, you risk being overlooked by the seller and never getting another shot to negotiate.
When submitting your offer, it's best
to aim to please the seller. One way to do this is to agree to the moving date the seller stipulates. If necessary, allow the seller to continue living in the home after closing, and offer them post-occupancy. Avoid submitting an offer with contingencies if you want it to stand out. Offers that are clean and without additional stipulations are much more attractive to sellers.
Finally, writing a personalized letter is a great way to woo the seller. We call it a "love letter" because it shows you have highly personal reasons for wanting the home in question. In this letter, detail how you plan to take care of the home and explain why you love the home!
If you're struggling to find a home in the Bergen County area, we think these tips might help. If you need professional assistance, or if you have any questions, give us a call or shoot us a quick email for the help you deserve.
First, it's important to get a pre-approval from a lender. Getting pre-approved makes you much more attractive in the eyes of sellers, as it is proof that your finances are in order and you are ready to buy.
Next, you need to write your highest and best offer from the start. If you put in a weak offer, thinking you can always strengthen it later, you risk being overlooked by the seller and never getting another shot to negotiate.
When submitting your offer, it's best
to aim to please the seller. One way to do this is to agree to the moving date the seller stipulates. If necessary, allow the seller to continue living in the home after closing, and offer them post-occupancy. Avoid submitting an offer with contingencies if you want it to stand out. Offers that are clean and without additional stipulations are much more attractive to sellers. Finally, writing a personalized letter is a great way to woo the seller. We call it a "love letter" because it shows you have highly personal reasons for wanting the home in question. In this letter, detail how you plan to take care of the home and explain why you love the home!
If you're struggling to find a home in the Bergen County area, we think these tips might help. If you need professional assistance, or if you have any questions, give us a call or shoot us a quick email for the help you deserve.
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