10 tips for a winning offer

June 30, 2021

There are signs the hot seller’s market is starting to cool in some states. But here in Central Florida, many home buyers are still struggling to get into a new house. 

Here are a few tips to increase your chances of landing the home of your dreams when the inventory is low and demand is high. 

  1. Cash buyers are typically more attractive to sellers than those who plan to finance because of the ease of the transaction. However, non cash buyers should have AT LEAST 20% of the purchase price set aside for a downpayment. More is better.

  2. Waive the home inspection contingency. You can still inspect; you just lose your deposit if you cancel.

  3. Provide a large Earnest Money Deposit, or EMD. It’s a deposit made to a seller that represents a buyer’s good faith to buy a home.

  4. Make an offer within 24-72 hours of a property going on the market. That’s where a good agent is clutch. You have to be on the ball these days.

  5. Make sure the offer is presented professionally, fully executed and include proof of funds and pre-qualification letter.

  6. Be flexible on the closing date to meet the seller’s needs. Convenience is more important than money in some cases.

  7. Allow the seller to “lease back” the home if needed to accept your deal.

  8. Offer to pay the seller’s moving costs.

  9. Offer to pay the seller closing costs.

  10.  And last but not least, write a letter or send a short video to the sellers about why they should choose you. Sometimes a personal touch can make all the difference. 

If you’re looking to buy a home, call us. We represent both buyers and sellers. We’ll help you find what you’re looking for AND get your offer accepted.