Are you having trouble getting your offer accepted in a strong seller market? Here are 19 tips of how to get your offer accepted. We talk about contingencies, earnest money, appraisal gaps, seller closing cost and more! Do everything you can to make your offer stand out among the many that will be submitted.
In this video you’ll find 19 tips to make an attracting and strong offer (forget “highest and best”).
We’ve used this strategies to get buyers under contract on the home they want in the toughest of seller markets. If homes you’re interested in keep getting 50+ offers, and you just don’t know how to stand out, THIS IS HOW YOU GET YOUR OFFER ACCEPTED.
Here are 19 proven ways to get your offer accepted (please keep in mind that some of these increase a buyer’s risk in the transaction, so use them carefully, under the direction of professional advice):
Attractive & Strong, not Highest & Best
0:37 1. Offer ask price (5% – 10%)
2:37 2. Offer 10% under your max
2:47 3. Be prepared for an interest rate shift (so interest rates don’t bump you out of the purchase)
3:14 4. HOA fees reduce your purchase by $20,000 per $100 / month HOA fee
4:20 5. Have your lender call when the offer is presented.
6:50 6. Go over numbers with your lender (make sure there’s enough cash for everything), and don’t over extend yourself
7:35 7. Drop contingency to sell a house
8:18 8. Drop due diligence contingency, still do it though (do early due diligence on a neighborhood)
9:14 9. Increase earnest money to 2%
10:34 10. Remove appraisal contingency
10:37 11. Cover an appraisal gap
10:46 12. Drop financing contingency (i.e. make a cash offer)
13:22 13. Present an offer right away
13:54 14. Pay for seller HOA transfer fee / assessment fee
15:10 15. There’s a cost for waiting to buy a house
15:42 16. Pay seller closing costs
16:12 17. Don’t ask for seller concessions
17:23 18. Offer creative incentives to stand out and be memorable – be the bar that other offers have to stand against
18:33 19. Find a lender that will back your earnest money
19:24 – What’d we learn today?
19:59 – Loved One Short
21:22 – Bloopers 🙂
*No offers were harmed in the filming of this real estate discussion.
Special consideration to Jimmy Eaton, who helped to curate this list.
Please contact us to tell us you love us, you want to hire us! Call or text:
Realtors with Hive Collective at Presidio Real Estate:
Tyler Cazier: 801-210-0230
Aric Wiszt: 801-228-7687‬
Lender with Elite Team at Security Home Mortgage:
NMLS: 178787
Jason Christiansen: 801-669-7271
NMLS: 240472
A Production with Security Home Mortgage’s Jason Christiansen, and Hive Collective at Presidio’s Tyler Cazier and “Mr. Suit” Aric Wiszt.