Big Mistakes You’re Doing | 2022 Winning Home Offers


Today’s real estate market is absolutely crazy. I want to do a quick video on how to get your offer accepted in this nutty real estate market. As of the time of this video, there are about 1,800 homes on the market here in Denver. In a healthy market, we need about 10,000. This puts a tremendous amount of price pressure on the homes that are on the market and drives the price up.  We’re finding buyers are losing offers due to many factors. To cash offers, offers that are tens of thousands of dollars over the asking price. Sometimes even up to a hundred thousand dollars over asking price.  Offers that waive all the deadlines in the contract and offers it close quickly. I want to do a quick video on what are some of the ways to get your offer accepted in this crazy market. I refer to this as full combat real estate.  

Real Estate Tactics

Price

Let’s look at some of the tactics. The first tactic is price. Obviously, if you’re a seller, put yourself in a seller’s shoes. They want the highest price that you can possibly get. So you have to listen to your real estate agent in this situation. Because they’re your trusted advisor and this isn’t a time to get a deal. You have to go in with an aggressive offer that has the best chance of getting accepted. And you have to throw out what the list price might be. The list price means nothing. Your agent will know the best offer to put in that can go under contract now. 

Speedy Closings

Next, be able to close quickly. Sometimes a seller really wants to get their money fast. We can close in 10 to 14 days. To do this, we have to have you fully approved and ready to go. Which means we’re going to do a lot of due diligence on the front end before you’re out looking at properties. 

Waive Deadlines

The next strategy is to waive some of the key deadlines in the contract. The two big ones are the appraisal and the loan condition deadline. Let’s talk about the loan condition deadline first. When you waive that, it means usually after the inspection, your earnest money goes hard. This ships all the risk to you once you’re through the inspection. 

Appraisals

The next thing is the appraisal. Our market can’t keep up with the appraisals. By getting rid of this deadline, you might have to bring extra money to closing if it appraises short. But it’s great for sellers because it takes all of the risk off of them. 

Cash Buyer

The final and strongest strategy is becoming a cash buyer yourself. We have an in-house program that allows you to buy a home with cash and then turn around and get financing after the fact.  We have a whole other video on this topic that shows you all of the details. Check the link in the description below.

A Lending Hand for Financing Home Mortgages

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Disclaimer


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