Uncategorized May 15, 2023

How to Write a Strong Offer in 2023

If you’re in the market for a home, you’ve probably noticed that it seems like there are a lot of houses being sold for cash! Where did all of the cash come from?! Well… unfortunately, I don’t have the answer to that, but what I do have the answer to is how to make your offer competitive in this market. Cash isn’t always the best offer, and I’ll tell you why.

If you don’t have a few hundred thousand dollars laying around, how can you beat out someone who does? Assuming that the cash offer doesn’t do all of the things I’m about to tell you, it could be just enough of an edge to get you the house!

  • Price – The seller likely wants to get as much for their house as possible, so bidding higher will benefit you
  • Paying Seller Costs – You can offer to pay the seller’s transfer tax or even your agents commission
  • Timeline – If the seller needs to find a home or they need a quick closing, being flexible on your timeframe is a plus
  • Inspections – Waiving all inspections is a positive to the seller (HOWEVER, make sure you’re comfortable doing so)
  • Deposit – Giving a higher or even non-refundable deposit with your offer
  • Appraisal – Be willing to pay a gap in an appraisal
  • Other terms – Find out if the seller wants/needs anything specific and try to accommodate that request

These are all things that you can do to make your offer as strong as possible!