Follow these 3 tips to making your stand out above the competition.
As real estate competition continues to grow, putting down the right offer can be the keystone to your success. A competitive offer can take shape in many different ways, depending on your market, your home price, the sellers, and community factors.
Using an experienced agent can make sure your offer is enticing, realistic, and competitive to other offers being bid on the same property.
The work to find and review a property, put together an offer, and wait for the acceptance is taxing. Make your offer count by using the winning strategies of an agent like Mary Sunderman.
Put Down Significant Earnest Money
Earnest money is the money put towards a home purchase to show sellers you are committed to the purchase agreement. This can be a critical piece of strategy in bidding on a home, especially in a competitive market.
An expert real estate professional will work with you to decide on the right amount for earnest money. Depending on the price of the home, the current competitors, and the seller’s agent, your earnest money needs can change.
By putting down a respectable amount in earnest, you can communicate to the sellers that you’re serious in your bid to buy the home as well as showcase your qualifications to buy the property.
Talk to a real estate expert about strategizing your earnest money for a successful purchase.
Verify Payment Details
Many buyers will use financing the purchase a home. While the dollar amount of the payment is the key data point many buyers look at, there are many factors that go into determining the overall monthly cost of home ownership.
By reviewing and confirming your monthly payment, property taxes, interest rates, HOA fees, and other incidental expenses related to the property, you can show your validity as a buyer to the sellers. Making sure they see your thorough research and ability to manage all home expenses can help boost your chances of winning a home bid.
Ensure You Keep Communication Open
Maintaining contact with the selling agent can create a better line of communication, opening up your chances of winning a bid. Many buyers may choose to stay anonymous and hide behind the paperwork of a real estate transaction.
By strategically communicating with the selling agent, you and your real estate professional can create an open dialogue to further negotiations and improve your chances of winning the bid for your dream home.
As you search for your dream home, reach out to The Sunderman Group. We’ve worked with hundreds of buyers in the Ohio area to strategically bid on high-competition properties. You can also browse our current listings for hot areas, like Powell, Gahanna, Grove City, and Hilliard.
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Learn more from our expert team on strategically bidding, finding the right home, and negotiating with sellers.
