Most areas of the country have been experiencing hot sellers markets for the past two years. That’s great news for homeowners that have been waiting for their market value to increase in their house so they could sell. But, it can be bad news for Cumming home buyers who are looking to become a homeowner.
With so many Cumming home buyers in the market you need to know how to get the seller to take notice of your offer instead of the others that they are receiving.
A few years ago, there was a buyer that was interested in purchasing a house. She offered over the asking price but was afraid that wasn’t enough to seal the deal. So, she took matters into her own hands and as the owner of a pizzeria she added in to the offer one free pizza a month for life. It might sound crazy, but it worked.
Many Cumming home buyers are leery of a house that needs work. If you are experienced with the work that needs to be completed you can offer to start doing the work for them.
For example, one buyer recently offered to start changing a converted space back into a garage for the seller before the owners agreed to sell him the house. His hard work paid off when they decided to accept his offer and he eventually made a large profit on the house when he sold it.
There are many Cumming home buyers that use an escalation clause with their offer. It allows their offer to be increased in order to outbid any other buyers that make an offer up to a certain dollar amount.
If you have the budget to work with, leave the top end open so you are guaranteed to come in with the highest price.
If you have cash to pay for the Cumming house and don’t need to worry about what a mortgage company is going to make you do, make an offer and don’t add in the typical contingencies. This is a great way to make your offer stand out from the rest. It shows that you are a sure deal and that you can close easily and quickly.
This is a risky move that could backfire on you, but it also could be the thing that pushes your offer to the top of the pile. If you are competing with other Cumming home buyers for a house, then reach out to the sellers in person. Swing by the house, knock on the door, and introduce yourself. Putting a face with a name and making a connection can go a long way in getting your offer accepted.
Sometimes you have to think outside of the box. Look for ways to make your offer stand out from what other people are doing. Remember that in a hot sellers’ market every buyer is trying to make their offer look the best. You need to take it up a notch.