According to the National Association of REALTORS®, nationwide inventory has declined 3.5% over the last year, creating shortages in many areas. If your target market is in high demand, I can help you create strategies for buying a home that will keep your offer competitive:
- Strong Purchase Price: Price persuades many sellers. We will evaluate market values in the area to help determine a fair price and counsel you on what you may need to offer to win.
- Strong Earnest Money: We can discuss the pros and cons of including down payment with your earnest money deposit to reassure sellers that you are not likely to break the contract.
- Lender Stamp of Approval: Don’t show up with just a pre-approval letter. We may consider asking the lender make a call to the listing agent, advocating your strong financial position.
- Limit Contingencies: Whether financing, appraisal, inspection or sale-of-existing-home, there are ways to restructure contract contingencies to your situation. For example, sellers may allow buyers to do a “pre-inspection” before making an offer so the buyer feels comfortable waiving the inspection contingency.
Other strategies include negotiating property clean-up, offering to rent back to the seller or having a flexible closing date. If moving is on your calendar this year, please contact me and I’ll create a custom strategy that fits your unique needs. Call or text 206.484.2777or email me at: karenwi@johnlscott.com.