If there is an “art of the deal,” then each aspect of the deal has an art to it. When it comes to making an offer on the home you want, don’t let small details derail your dream. In a housing market as active as Gainesville, sometimes competition
is fierce! If it is your dream home, then it very well may be someone else’s dream, as well.
By following a few best practices you can make your offer stand out from all the rest.
Get Your Financing In Order
Telling the seller you want to buy the house is not enough. You have to show the seller you want to buy the house by making a serious offer. The (second) best way to do this is with a pre-approval letter from your bank, lender, or broker. This letter
shows you have your financing in order, and can move to the next step of the process.
If you can’t get a pre-approval letter, try a prequalification letter.
If that’s the second best way, what is the best way?
One Word: Cash
If you have the option, use cash. Paying cash for a house simplifies and streamlines the entire process. It saves the seller a lot of time and paperwork, which will put your offer at the top of the list.
Be Flexible with Closing
Closing on a purchase can take anywhere from 30 to 60 days. If you can afford to be flexible with your timeline, allow the seller to customize the length of the closing process to suit their needs. This will make your offer more attractive. You can have
your agent ask their agent if they have a preferred closing date or leave it open to their preference and provide some guidelines to get them started.
A Personal Appeal
At no point in the process are you required to write a letter to the seller. This is a business transaction, and explaining to the owner why you want that house is not necessary.
But that doesn’t mean it can’t help! Writing a letter shows how serious you are about purchasing that house. It also shows the seller who you are as a person, and forming those connections can sometimes make all the difference in the world.
Be careful not to reveal sensitive information. If in doubt, ask your agent to read the letter before submitting the letter to the seller's agent.
Here is the truest advice you will hear all day – reading a blog is good for educating yourself, but it is no replacement for an experienced local real estate agent. The team agents including Allison Ables at Watson Realty Corp. have the skills, and the
local knowledge you need to give you the edge to find your dream home, and close on it!
Contact us today at 352-371-1828