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March
6

Get Your Beavercreek Home Offer Accepted
You've found the perfect house for you and your family and can already see yourself unpacking and settling in. You're finally ready to take the plunge, make an offer, and even pay the asking price. Nothing could go wrong now. But wait! The real estate market is crazy these days. Inventory is limited and the number of home buyers is higher than ever. This could mean there will be multiple offers on the seller's table and you have to make your offer stand out from the crowd without coughing up more money. Do not get discouraged if you're a buyer in this market. Our REALTORS® have these six pro secrets to get your purchase offer accepted. 

  1. Submit a personal cover letter with your offer
    Sellers usually have sentimental connections to their homes and figuring this out could mean the difference between your offer being accepted or rejected. Write a personal letter indicating what you love about the house, its unique features, and how you can see your family growing up there. Pay honor to the home and the sellers. A home seller may be inclined to choose your offer over the others if you can connect on a personal level.

  2. Make your offer as clean as possible
    Your offer should be free of seller concessions or credits, which are requests made by a buyer such as help with closing costs. The seller is looking to maximize the net profits and requesting concessions may have a negative impact on the final amount. Instead, look for programs that will give you funds for closing or speak to your lender about a potential credit. You want your offer to stand out, so show the seller that it's the most profitable.

  3. Close the transaction faster
    Once a seller puts their property on the market, they want it to sell faster and can't wait to get that burden off their shoulders. Therefore, offer a shorter closing date but be careful to work in accordance with the time it will take for the bank or lender to get through all the paperwork and give you the loan. Set a quick close if you're using cash or hard money.

  4. Increase your down payment
    You want to show the seller that your offer is serious. So, consider making a larger down payment that is required in earnest money. This can be a risky move but if you are not willing to put a clear amount of earnest money on the table, the seller may take it to mean that you are not dedicated or you're unsure about the purchase.

  5. Provide your pre-approval letter
    If you'll be financing the purchase with a loan, you've probably made an application, and if you're ready to make an offer, chances are you've been pre-approved for financing. Be proactive and include a copy of the pre-approval letter when you make the offer. It's one thing to say that you can qualify and another to have physical proof of the qualification. A pre-approval letter gives a sign that the sale will go through.

  6. Complete your offer
    This may seem pretty obvious, but offers are received every day that are missing EMD, disclosures, or any other relevant information for the purchase agreement. Failing to include the right information in this competitive market, could get your offer tossed.

It's also imperative to work with a professional who can help you make an outstanding offer. When you contact Wright-Patt Realty, we provide you with quality leads, knowledgeable advice, and skillful negotiations. We can introduce you to Beavercreek homes just right for needs and lifestyle.

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