Saturday, March 12, 2005

Increase Your Chances on Your Offer

Spring and summer are in the air. I know it may be foggy outside, but the real estate market is about to heat up again. The middle part of the year is the busiest in Real Estate. The inventory will begin to diminish and multiple offers will increase. It is of great importance that you position yourself to have the best chance to get your offer accepted.

You need to be open and honest with your REALTOR about what you needs are and where you are coming from so they can find the home of your dreams and help you write a competitive offer. Then it is up to your REALTOR to promote your offer to the seller and their agent.

Enhance your chance of getting the home of your choice by doing the following:

First, get pre-approved for the purchase. This takes very little time and is of great value. At this time, identify the price range for which you qualify and which fits your lifestyle.

Submit a strong, competitive offer. Submit the offer as if there will be multiple offers. Include substantial earnest money deposit. Acceptance of an offer is sometimes determined by the amount of the deposit. A larger amount may signify a bigger commitment to the seller.

Minimize or eliminate contingencies on your offer; the fewer contingencies, the stronger the offer.

Make a buyer profile available. Include time on the job, flexibility, and reason for purchasing seller's home. Tell your REALTOR about yourself, your family, and your reasons for choosing a particular home. This adds a personal touch and can paint a picture for the seller about who will be buying their home.

Be prepared to preview a new property quickly. Homes sometimes sell in hours. Be prepared to make decisions quickly and be accessible to change the terms instantly. Buyer and agent need to have instant communication access via office phone, voice mail, fax, pager or cellular phone.

Ryan Kerzner
California Oaks Real Estate
Direct: (805) 626.1111


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