You’ve found yourself in a seller’s market and not sure where to begin. We get it — a seller’s market is full of intense bidding wars, conflicting best practices, and it’s overall intimidating to navigate.
That’s why we put together a shortlist of what we believe to be the 5 best tips to set yourself up for success:
1️⃣ Shorten your escrow period. Put yourself in the seller’s shoes — if you see two bids that are both competitive, but one has a shorter escrow period, you’re more likely going to choose that over a longer period. Shortening your escrow can not only streamline the process but make your offer *very* competitive.
2️⃣ Reduce the contingencies. This one has the same reason as the above reason! The easier you make it on the seller, the more attractive your offer will be.
3️⃣ Write a personal letter to the seller. This is an underrated yet effective technique to build rapport with the seller! By going the extra mile to share your story and what this sale would mean to you can leave a positive and lasting impression. However, make sure to keep aware of fair housing laws!
4️⃣ Put down a strong due diligence fee. In a seller’s market, there can be a lot of competition to fight off. That’s why it’s best to start with a strong earnest money deposit to show that you’re a serious candidate.
5️⃣Get you a ROCKSTAR real estate agent (like me) who will negotiate for you!
Do you have anything else to add? Leave them in the comments!