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:
- 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.
- 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.
- 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!