How Do You Write an Outstanding Offer?

Need to write a strong offer? Look no further than these four tips.

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As a buyer, here are the four tips you must remember when writing an offer if you want it to stand out from the competition:

1. Write a higher-than-usual earnest money deposit. Typical earnest money deposits constitute 1% to 3% of the purchase price, so if you go higher than that, you’ll show the seller you’re serious about buying their home.

2. Give the seller the settlement date of their choosing. Most sellers want to close as soon as possible, but sometimes they’d rather delay settlement, so it’s crucial for you to know when they want to settle.

In a multiple-offer situation, there’s no room for negotiation.

3. Shorten or waive contingencies. For example, you can cut your home inspection contingency timeline (typically 10 to 14 days) in half or waive the appraisal altogether.

4. Write the best offer. In a multiple-offer situation, there’s no room for negotiation. Offer list price or higher, leave nothing on the table, and have no regrets.

If you’d like to know more about being an ideal buyer or have any real estate questions at all, don’t hesitate to reach out to me. I’d love to speak with you.