Increase your odds of getting your offer accepted by making it stand out from the crowd. In recent years it has become increasingly common for there to be more buyers looking for homes than there are houses for sale, which can make it hard for buyers to get their offers accepted.
Make It a Sure Thing (Or Close to It)
Coming to the negotiation table with a cash offer, or pre-approval for your loan, lets the buyers know that you are well-qualified. Cash offers also give buyers a greater degree of control. If a cash offer isn’t possible for you, be sure to get pre-approved for your loan and provide proof with your offer.
Sweeten the Deal
In a seller’s market, it’s always a good idea to offer above asking price, especially if you know there will be multiple offers. But there are other ways to make your offer enticing, like providing more earnest money (“good faith” money you put forward to let sellers know you’re serious). You could also include an escalation clause in your offer, which automatically outbids other offers up to a maximum price.
Keep Things Simple
Avoiding complicated requests (like asking if the sellers are willing to leave their TV behind) and contingencies will add to your offer’s appeal. A “clean” offer means your deal isn’t dependent on the sale of another property and is free of seller concessions, like asking them to pay closing costs. The idea is to make things as easy and appealing as possible.