It is
heart wrenching to know that you have found the perfect home and then learn
that there have been several offers submitted in addition to yours. So what now? Is there anything you can do to help give your offer a boost to
the front of the line? Yes, there is!
1. Offer more than the asking price - the
chances are very likely that the other offers submitted are at or below the
asking price -especially in the current market of bargain seeking buyers. Just remember to offer a higher asking
price only if the market data for the area can justify your offer. If it doesn't, then you are just asking for
trouble later on down the road if you submit an offer that is not in line with
the market price for the area.
2. Show proof of your ability to close the deal
- a deal that does not close is no deal at all. Sellers are very aware of the high rate of contract cancellations
and credit problems. So if you can
show proof that you are credit worthy , can easily be approved and you submit
an offer higher than the asking price, you will then have a much higher chance of
getting the winning offer.
Here
are a few more things you can do to solidify your offer:
• offer
a shorter contingency period
• show
proof that the areas comps can support your over the asking price offer - this
will minimize the risk of the home getting a lower appraised value than the
offer you are making
• make
an all cash offer or a high-down
payment offer
• offer
to purchase the home as-is
• get
the inspections, appraisals or repair bids prior to making an offer and waive any contingencies up front
All of
the above recommendations are contingent upon the right situation. Please work closely with your real estate
agent to help you determine when these recommendations are a good idea and when
they are not.
3. Always use a highly respected real estate
agent and mortgage professional - it is
to your advantage to work with an agent that all of the agents in the area know
and like. This could work to your
advantage and could give your offer a boost.
The seller and their agent will feel more comfortable accepting an offer
if it is coming from a well known and well liked local agent.
4. Let the buyer know how much you love the
home - most sellers are very passionate about the place they have called home
for so many years and will not want to sell it to someone that does not love it
as much as they do. So write a letter
to the seller letting them know how you feel about the home and paint a picture
for them about why you feel it would be such a perfect place for you and your
family.
This is
the time you really need to rely on your realtor to help you achieve the
winning offer. Talk to your agent about
everything you need to do to secure this house. They will be more than happy to do everything in their power to
help you win!
I
specialize in helping buyers and sellers invest in real estate in Loudoun County and Northern Virginia.
I
have over 25 years experience in the real estate industry. As a Broker/Owner with Exit Realty Talbot
and Company, I bring special tools and solutions that enable me to exceed the
expectations of my clientele. If you
are considering listing your property in Loudoun County or the nearby areas,
ask me about our latest internet marketing systems. I would appreciate the opportunity to earn your business. I am experienced in listing and selling
short sales. For information on the
short sale process, please visit www.LoudounShortSaleSolutions.com.
My
past awards and designations include – 2003 President of the Dulles Association
of Realtors, 2003 Dulles Area Assoc Realtor of the Year, Salesperson of the
year 2000 Dulles Area Assoc of Realtors,
Top Producer awards from both the Dulles Area Association and the
Northern Virginia Association of Realtors.
I am a member of the Top 5 in Real Estate Network.
I
have lived in Loudoun County since 1979.
I am married with two grown children and two grandchildren. My son in law is my business partner in real
estate. I love to jog in the mornings
and spend time relaxing on my Trawler during the summer months.
Loudoun County and Northern Virginia Real Estate Sales and
Solutions – Helena Talbot, Broker. I specialize in
helping buyers and sellers invest in real estate in the Northern Virginia area
to include Loudoun County and surrounding areas including Fairfax, Clarke,
Fauquier, Prince William Counties. Our local neighborhoods include Leesburg, Ashburn, Sterling, Potomac
Falls, Brambleton, Broadlands, Lansdowne, River Creek, Belmont Country Club,
Beacon Hill, Shenstone, Waterford, Lovettsville, Purcellville, Hamilton, Round
Hill and Bluemont.
Cell 703.727.9885 Office
703.574.3800
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