Getting Your Offer Accepted

If you’re a first-time homebuyer or buying an investment property the process of getting your offer accepted brings out the jitters in everyone! Here’s a quick step-by-step to help get your offer accepted!

Get Pre-Approved, and Provide Your Proof

Sellers want to know you’re able to afford their house, right? So a pre-approval letter shows that and bonus if you get underwritten beforehand (chat with me about what that means).

Increase Your Earnest Money Deposit

Show that seller you mean business and you’re financially able to do so. A larger earnest money deposit proves you have the funds available to do the deal.

Offer Over Asking Price

Make your initial offer as strong as possible, remember that extra money you’ll pay over the life of the loan not right up front so fear not!

Waive the Inspection

Inspections provide protection, but in a tighter market sellers might favor your offer if you’re willing to waive.

Reduce Your Contingencices

The fewer conditions on your offer, the more likely the seller will accept it, bonus if you can close quick in the sellers eyes to get the deal done.

Cover an Appraisal Shortage

If the home appraises for less than what you have offered, make up the difference rather than asking the sellers to reduce the price which might be pretty unlikely in a tight market.

Escalation Clause

Add a clause to the sales contract stating that you’re willing to increase your offer in the case that a higher offer comes in, looking you more competitive.

Let’s go get you home.