[Buyer]
Now that you’ve found the home of your dreams, it’s time to make an offer! Fortunately, there are several strategies to utilize to stand out in today’s highly competitive market:
- Price: Presenting the highest offer is most often going to put you at the top of the seller’s mind, so it’s essential to come in strong with your top and best number. Writing an escalation clause into your offer contract can also help guarantee that your offer remains at the top if a higher price point does come in.
- Appraisal Gap: In today’s competitive market, it’s not uncommon for buyers to offer a full appraisal gap, meaning if the house does not appraise for the price offered, the buyer is responsible for covering the difference. We’ll work together to analyze the current market to ensure that utilizing this strategy falls within your budget.
- Inspection: Depending on the home’s condition, you can also get competitive with inspection terms. This strategy could involve only objecting to items over a specific repair price, not asking for a resolution but still having the right to terminate, or even waiving the inspection completely.
- Timeline: Being flexible with the closing timeline is another excellent way to benefit the seller and increase the chance of choosing your offer. Some sellers may need to close quickly, while others may request a rent-back period.
Don’t forget that your real estate agent will be with you every step of the way to help present the most logical yet competitive offer. If you’re working with one of the top real estate companies in North Carolina, there’s no doubt they have a playbook of strategies to help put your offer on top.