“I’m a home buyer, and we’ve written three offers and none of them have been accepted. Do you have any advice or words of wisdom when it comes to winning at making an offer?”
That’s a pretty common challenge right now, multiple offer situations. In addition to having the highest offer, we recommend eliminating as many moving parts in your offer as possible. So, what do we mean by moving parts? We mean contingencies and conditions. The fewer, the better. We’re talking about inspections, appraisals, types of financing. In fact, if you can be a cash buyer that’s great. The seller’s looking for the simplest offer possible, and if you can simplify your offer it’s going to increase the likelihood that you’re going to get the house.
An upfront guarantee to cover a possible appraisal shortage is a great way to make an offer with financing look similar to cash. Another strategy is to offer the seller perks for picking you as a buyer: Free occupancy after closing or a delayed closing date (if this is desired by the seller). Please keep in mind that you still need to be comfortable with the process of your home purchase. For example, buying a home without an inspection is a risk most are unwilling to take.
