3 Ways to Get Your Offer Accepted in a Competitive Market

Anyone that has been looking for a home in Southern California will tell you that you will face STIFF COMPETITION once you’ve found your dream home.  The average home listed in Los Angeles has 10-15 OFFERS…what sets your offer apart?  Here are 3 tips to help you get into escrow:

  1. FIND WHAT IS MOTIVATING YOUR SELLER TO SELL. Do they need to move in 30 days? Great! Make a 30 day escrow part of your offer.  If they don’t need to move for 3 months, offer them a sale-leaseback.  If they really like their fridge, let them have it! A good local agent should be familiar with the listing agent and be able to get this information for you.
  2. WRITE A PERSONAL NOTE TO THE SELLER WITH A PICTURE.  Put yourself in the seller’s shoes…most homeowners know their neighbors well and would like their neighbors’ new neighbor (which is YOU!) to be a good person.  Send the seller (through the listing agent) a note telling them about yourselves and your family.  If it’s a great school district, let them know how important that is for your child.  Showing the seller that their home means a lot to you will go a long way.
  3. FIND A LENDER THAT OFFERS AGGRESSIVE TERMS.  Remember what I said about the 30 day escrow? You can’t do that unless your lender can close in 30 days, so you’ll want to have a lender that can close as fast as possible and at great terms for you.  The lenders I work with are willing to release the loan contingency in 14-21 days for pre-qualified buyers.

Thanks for reading! Happy hunting!IMG_5172

 

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