Getting your offer accepted is a challenge. It’s a competitive market. If you want to get your offer accepted I have a few tips to help you do that.
This last Wednesday I hosted a Broker’s Open for one of my listings. It was attended by almost 100. That tells me the home is priced right and it’s a neighborhood that people are going to be interested in. No doubt, this home will be getting plenty of offers and that’s what I want to talk about today.
How do you win in the competitive real estate environment today? How do you increase your chances to win?
You could pay cash. (and yes, not everyone has the resources to do that)
- Get a pre-approval. I didn’t say pre-qualified. I said pre-approval, with a pre-approval letter from a lender.
- Don’t lowball your offer. Make it your best one, the first time. You won’t get a second chance.
- Make sure your agent writes the offer properly the first time. Is your offer complete? Ask your agent if they’ve spoken to the listing agent about some of the things that the seller is looking for and then tailor your offer to better match what the seller wants.
- Your earnest money deposit. It’s ‘skin in the game’. You are telling the seller that you are a serious buyer. If you are a serious buyer, put a serious earnest money deposit down.
- Write a letter to the seller. Tell them about yourself. Tell them why you like their home. Tell them that you are willing to work with their timeline.
As for that property I mentioned, here’s a bit more about that.
445 E. Cole Ave, Fresno, CA 93720
Head YES man at FresYes.com
I grew up in Fresno. Relaxed in its calm breezes, listened with my dad to the crack of the bat at little league baseball games when I was a kid and now take my son to do the same at minor league games. I broadened my mind at its schools (I went to high school right here at San Joaquin Memorial, and to college at Fresno State!) I love that if I drive for two hours in one direction, I can be in the mountains. For two hours in another, luxuriating on a California beach. I can enjoy the cosmopolitan atmosphere of San Francisco or Los Angeles, but still be able to come home to relaxation, calm, and quiet.
I love where I live, and I also love what I do. I'm lucky to be able to work in a profession in which I get to build relationships; one that has me meeting new people each and every day and helping them to build new lives in my beloved city. I'm lucky enough to work in a profession in which I can marry cutting-edge technologies and marketing techniques to good, old-fashioned, nose-to-the-grindstone work. I am lucky enough to work in a profession that allows me to work as an advocate for my clients; to use every tool at my disposal to get a job done well for them, and with as little stress and expense as possible.
I love my city. I love my job. One inspires my excellence for the other.
Fresno? I say FresYES
I love where I live, and I also love what I do. I'm lucky to be able to work in a profession in which I get to build relationships; one that has me meeting new people each and every day and helping them to build new lives in my beloved city. I'm lucky enough to work in a profession in which I can marry cutting-edge technologies and marketing techniques to good, old-fashioned, nose-to-the-grindstone work. I am lucky enough to work in a profession that allows me to work as an advocate for my clients; to use every tool at my disposal to get a job done well for them, and with as little stress and expense as possible.
I love my city. I love my job. One inspires my excellence for the other.
Fresno? I say FresYES
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Thanks for the videos, Jason! Very helpful to us as we are first time home buyers in Fresno. We have been working with Manuel Bettencourt who has also been great with teaching us the details of home buying. I look forward to seeing more videos.
Stephen
Hooray! I’m glad you enjoyed… I was in a hurry yet kind of went on and on (Manuel I’m sure will tell you I can do that 😉 Looking forward to meeting you in person soon and seeing you in your first home!