Tips to Help Your Buyer Stand out in a Competive Market
October 06, 2021
Business has been booming in the Illinois Housing Market and it is not unusual to see multiple offers on properties. Whether we work in a small town, big city or with a team or all by ourselves, some aspects of real estate have changed because of the pandemic lo inventories and lower interest rates.
Following are 5 tips to help your buyer to stand out in the competitive market:
1: Make the offer as clean as possible. The offer should have fewer contingencies attached to the sale.
2: Focus on Strength of Financing. Write a letter explaining your background, ease of communication and the same for the lender. Let the sellers know there are whole teams behind these buyers.
3: Provide Financial Qualifications. Encourage Lenders to call sellers and explain their clients’ financial status and their credit payment history records.
4: Put in higher earnest money deposits. Most offers include a Earnest Money Deposits of 1 to 2 percent of the purchase price But those who truly want the house can go higher than normal.
5: Get to know you local agents. Raise your reputation as an agent who gets deals done and on time.
