In a market where we’re regularly seeing multiple offers and bidding wars, it’s important to get creative and try to stand out. Here are a few tips & tricks to try to get your offer on the top of the seller’s stack!
Non-refundable Earnest Money
Consider making your earnest money non-refundable (or partially non-refundable) should you not be able to close for any reason. This shows the seller that you have a little skin in the game, and full intentions of closing!
Get your lender involved
See if your lender will make a call to the listing side to introduce themselves and ensure they’ll be available and on top of the process, all the way from contract to close.
Consider removing unnecessary contingencies
Think lending, inspection, insurability, etc., or try shortening the timeframes on these windows!
Cater to the seller’s preferences
Do they have a certain closing date in mind? Would it actually help them out if they could leave the master bedroom furniture? Consider it done!
Consider “AS IS”
It’s less work for the sellers, and you can assure them they won’t be surprised by a bunch of minor repair requests during the inspection phase.
Consider removing the need for an appraisal or an appraisal gap clause
If you have the cash available and are willing to pay more than the appraised value, this may be a good option.
Remove the extras
Don’t request seller paid closing costs, the refrigerator, a home warranty, etc.
Keep in mind that most all of these ideas are lessening your protections and contingencies as a buyer. None of them should be done without YOUR complete comfort. They are just some creative ways to stand out in a highly competitive seller’s market!