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10 Ways To Get Your Offer Accepted In A Seller's Market by Real Estate Broker Steve Irwin Make Your Offer As Clean As Possible A clean, no-contingency offer means that you’re waiving all contingencies in order to make your bid a bit more competitive and appealing to the seller. A clean offer should not be contingent on the sale of another property or have other financial constraints. It should also be free of seller concessions, which are things that a buyer asks for outside of the offer price, such as help with closing costs. When a seller is receiving a ton of bids, choosing to make a clean offer can help you beat out other offers with contingencies. Steve Irwin, Real Estate Broker tells his clients that the traditional contingencies are like a deck of cards you hold to your chest for protection: loan, appraisal and inspection are the main ones. As you lay them on the table, you give them up, which makes your offer more appealing to a seller because you have less opportunity to back out of a contract that you write.” Avoid Asking For Personal Property Drooling over the sparkly chandelier listed in the exclusions? Don’t ask for it. Want them to throw in that cool lawn furniture? Skip it. Offer Above-Asking The seller’s market is not the place for making low offers and hoping someone will bite. You will have to make your offer strong enough to beat out a multiple-bid situation. If you want the house, you’re likely going to have to go above the asking price. Put Down A Stronger Earnest Money Deposit Your earnest money deposit is proof that you are a good-faith buyer. Usually, Irwin will put it in an escrow account. Later on, your EMD can contribute to your down payment and closing cost. Waive The Appraisal Contingency An appraisal contingency can be given up as well – but, this poses the most risk unless you have enough cash to cover any potential shortfall between offered price and appraised price. Make A Larger Down Payment In Your Loan Program No matter what type of loan you choose, offering to pay more down is another sign of good faith to your seller. Anytime you can showcase that you’re in a good financial position, you should do so. Add An Escalation Clause To Your Offer An escalation clause means that your offer will outbid other offers up to a maximum price. This means that you make an offer saying you will pay $X price for a home, but if a higher offer comes in, you will increase your offer to $Y price. Pay With Cash In a competitive seller’s market, buying a home with cash can be a smart move. It can make your offer look more appealing to a seller who wants to quickly finalize the deal. A cash offer can also help you avoid the extra fees and interest that come with taking out a mortgage. Make Sure Your Offer Is Complete Paying attention to the details of your offer should be a no-brainer, but every day there are mistakes made in this process. The Bottom Line: Make Your Offer Stand Out There’s a lot to consider when navigating a seller’s market and placing an offer on a home. It’s important to act quickly when you find the perfect house, while also taking the necessary steps to ensure your offer stands out among the competition. Showing the seller that you’re a serious buyer who’s willing to go the extra mile, both in your intention and financial offerings, can make your offer that much more desirable. Set yourself up for having your offer accepted on a home by getting preapproved for a mortgage prior to your home search. This not only helps you understand how much house you can afford, but it can give you additional credibility with the seller as they consider your offer. Thanks for watching the video Prescott Gallery of Homes | Getting your offer accepted with Steve Irwin Kirsten Olson Theron Wall #realestate #arizona #homes #myprescottlifestyle #prescottaz #prescottarizona #bhhsaz #realestatebroker #offeraccepted #offeraccepted✅ #offeraccept #offeraccepted🙌 #offeraccepted🏡 #offeracceptance #offeraccepted✔️ #offeracceptedcelebration #offeracceptanceconsideration #offeraccepted‼️ #offeraccepted☀️☀️☀️ #offeraccepted☑️ #offeraccepted🍾over #offeraccepting #offeracceptedtoday #offeraccepted👏 #offeracceptedingarfield #offeracceptedinclifton #offeracceptedbyseller #offeraccepted🙌🏽 #offeraccepted✍ #offeracceptednj #offeraccepter #offeraccepted🔥 #offeraccepted🤞🏻✨🏠beyond #offeraccepted🎉 #offeraccepted🙌🏼 #offeracceptedin3days #offeracceptedinfairlawn #offeraccepted🙏🏼 #offeracceptedinlodi #offeracceptedshortclips #offeracceptedinlyndhurst #offeracceptedmaybe #offeracceptedinhackensack #offeracceptedforoneluckymommatoday #offeracceptedinbelleville #offeracceptedindumont #offeracceptedinsaddlebrook #offeraccepted✅🏠 #offeraccepted⚜️ #offeraccepted💲 #offeraccepted😁 #offeracceptedwisdom #offeracceptancerate #offeracceptedonahouse #offeracceptedquebec #offeraccepted😎 #offeracceptedonnewhouse #offeraccepted🍾🎉🏡 #offeracceptancespecialist #offeraccepted👍 #offeraccepted🙏 #offeracceptes