Four Tips to Help Get Your Offer Accepted

by The Minter Team

Are you wondering how to compete well with other buyers? Our team has served hundreds of buyers over the years, and we'd love to help you too. We have four buyer tips to help ensure that you land your dream home.

1. Make sure you know what the list price is compared to the current selling prices in the area that you are looking. Right now, it's a competitive market due to low inventory and homes are being sold significantly above list price. As an example, homes in Dane County with competing offers are averaging about 6.3% over asking price. In other words, if you are looking for a home at about 300,000, you can expect it to sell closer to 319,320.

2. Once you've offered a competitive price, you'll want to take a look at the contingencies and see if you can remove any of them; but be sure you understand the risks in eliminating things such as the inspection or the appraisal or financing contingency.

3. Put down a large earnest money deposit. This shows your seriousness on the property and also shows that the finances are there.

4. Let the seller know that you are committed to making the process as smooth as possible. If you're not removing contingencies, you can include high allowances in areas such as the inspection or the appraisal within your offer.

These are just four of the tips we have to offer our clients; we can always pull more from our toolbox depending on each individual's situation and goals. Give us a call if you're looking to get started, we'd love to serve you along the way. Let's connect soon.