Many buyers in competitive markets have had their offer rejected on a home they had their heart set on. However, there’s something you might want to do to make your offer stand out. In a multiple offer situations, sellers might take a second look at the buyer who adds a personal touch to their offer. Buyers who add personal touches to their offers stand out.
When Seller’s Entertain Multiple Offers
When there are multiple offers on the table, several factors come into play. Cash buyers have an advantage, as the possibility of a loan falling through is removed from the transaction. Does this mean that you don’t stand a chance if you’re not paying cash? Not necessarily if you present sellers with a personalized offer.
Keep Your Financial House in Order
Lay some groundwork that will attract the sellers and give you a slight edge – pre-quality for a loan. When the seller sees a buyer who’s organized enough to pre-qualify and show their proof of funds, they see a serious buyer. Something else – work with an agent you can count on who quickly responds to their agent’s request. With multiple offers on the table, sellers don’t want to wait around for your agent to respond.
Present Sellers with a Personalized Offer
Informed sellers want to work with someone who presents the highest offer, but you shouldn’t discount the emotional side of selling a home. Sellers want their home to go to someone who needs and appreciates it. This is where a personalized offer can come into play. How can you present a personalized offer?
1. Ask your agent to help you personalize a letter explaining what you love about the home. Are there features you love? How will purchasing this home help you in some way – personally or professionally?
2. Put a face on your offer by including a photo of yourself. This transforms a ho-hum offer into one that will stand out from the pile of offers. If you have a family or pets, include them in the picture. Get creative and get their attention.
3. Ask your agent to deliver the offer themselves. Electronically transferred offers can get lost in a crowded email box. Though electronic offers are convenient, a beautifully prepared offer with a letter and photo will catch the seller’s attention.
Get in touch with me today, and we can talk about how we can make your offer stand out to sellers. I make every effort to go the extra mile.