2. Timing can be key. Make sure you are always looking and ready, even on weekends and that your agent is always available to you.
3. Know what your Maximum Budget is and you own priorities before negotiations begin.
4. Start your house hunt at a price point below the maximum budget you have in mind. This will give you the cushion to be able to offer “over-asking” to secure the home.
6. Show that you can CLOSE the deal. Working with a reputable local lender is HUGE to most sellers’ agents, which then becomes HUGE to the seller.
7. Submit a pre-approval letter that shows you, as the buyer, are completely underwritten. This will build confidence in you as the buyer.
9.Your agent should work with your lender and encourage the lender to make a personal call or send a personal e-mail, verifying your pre-approval.
10. Putting at least 20 percent down shows your financial stability, but also gives a cushion for negotiations if the home doesn’t appraise.
11. “Cash is King,” which means that if you can make a cash offer, it moves your offer to the top!
12. Don’t make a cash offer if you intend to do a mortgage.
13. Make sure when you are reviewing your offer, before signing, that all details of the offer are COMPLETE, including leaving NO blanks and putting in all broker information.
14. Consider making an above average or strong earnest money and option fee part of the offer.
15. Know what you are offering, and stay with it.
16. Make sure you as the buyer completely understand the contract. You should know exactly what your agent is writing up and offering. We always recommend that you read through everything you are signing.
17. Do not ask the seller to pay extra costs like survey or for survey coverage.
18. Do offer to pay seller’s closing costs.
19. Consider adding an escalation clause, which means you include something like this:
20. Work with your agent and lender to only require the least amount of days possible in any of the finance contingencies.
21. Consider an appraisal waiver in a multiple offer situation in order to improve the offer. We recommend that you do put in that the appraisal must meet the list price at the minimum.
22. Include a lease-back option for sellers currently occupying a home.
23. Shorten the inspection contingency period.
24. Offer to pay for the owner’s title policy.
25. Offer a non-refundable portion for either or both the earnest money and option money. This shows how serious you are. You are investing in the home prior to inspections, appraisals, etc.
26. Do not ask the seller to cover the home warranty.
27. Be cautious about making a sight-unseen offer!
29. Don’t be demanding. Whatever your concerns, do not bring them up during the offer period at all. The more questions you ask at the start, the less likely yours will be the winning bid.
30. Be flexible on the closing date. Giving the seller additional time might be exactly what they are looking for and could put you ahead if the money offer was close.