{"id":645,"date":"2017-04-26T17:19:46","date_gmt":"2017-04-26T17:19:46","guid":{"rendered":"https:\/\/www.horseproperties.net\/blog\/?p=645"},"modified":"2024-12-18T19:11:41","modified_gmt":"2024-12-18T19:11:41","slug":"get-winning-offer-low-inventory-housing-market","status":"publish","type":"post","link":"https:\/\/www.horseproperties.net\/blog\/get-winning-offer-low-inventory-housing-market\/","title":{"rendered":"How To Get The Winning Offer In A Low Inventory Housing Market"},"content":{"rendered":"

Currently, the real estate market is a sellers market. A seller lists their home for sale and it is bought within a couple days or weeks. Yet, what happens when you are a buyer? You want to buy a home but homes are selling so quickly, you don\u2019t know what to do. Well, we created a short list of tips to make sure you get the winning offer!<\/span><\/p>\n

Consider offering above the asking price<\/span><\/strong><\/h3>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>Typically, sellers want to receive the highest price for their home. If you really want a home, an above-asking price offer will catch the seller\u2019s attention and increase your probability of receiving the accepted offer. Yet, you must make sure that you can afford your offer. To receive a larger offer, you\u2019ll need to qualify and receive a larger mortgage. Be aware that banks are typically less likely to approve a mortgage that is higher than the home is worth. If you are not likely to get approved for a larger mortgage, consider offering cash upfront. By offering cash upfront, you are once again catching the seller\u2019s attention and showing them that you seriously want to purchase the home. <\/span><\/p>\n

Spruce up your offer letter<\/span><\/strong><\/h3>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>When most people sell their home, they want to make sure the buyers will fit into the neighborhood and take care of the house. To prove to a seller that you are a good fit, write a letter explaining why you want to live in the neighborhood and why you love the house. Especially if a buyer is trying to decide between two offers, an offer letter could ease their worries and convince them that you are the perfect buyer for their home. <\/span><\/p>\n

\u00a0<\/span>Be speedy<\/span><\/strong><\/h3>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>When the real estate market has low inventory, homes are bought extremely quickly due to the high demand. If you find a home that you love and can afford, act fast. Send your offer as soon as you can. Waiting a few days or weeks could mean losing the home to another buyer. Also remember that with few houses on the market, there will be heavy competition. Even with a fast offer, someone else might offer a higher price and receive the home. Just keep trying. <\/span><\/p>\n

Be adjustable on closing dates<\/span><\/strong><\/h3>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>Sometimes sellers need to close quickly. In this case, if you are willing to have a flexible closing date, then your offer may be more appealing to a seller. You can offer to shorten the inspection time and get pre-approved for your mortgage so your lender can start the underwriting process early. <\/span>\u00a0<\/span><\/p>\n

By Anna Hellman<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

When the real estate market has low inventory, homes are bought extremely quickly due to the high demand. If you find a home that you love and can afford, act fast. Send your offer as soon as you can. Waiting a few days or weeks could mean losing the home to another buyer. Also remember that with few houses on the market, there will be heavy competition. Even with a fast offer, someone else might offer a higher price and receive the home. Just keep trying. <\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31,32,34],"tags":[104,103,101,100,102,99],"yoast_head":"\nHow To Get The Winning Offer In A Low Inventory Housing Market - Welcome to Horse Properties Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.horseproperties.net\/blog\/get-winning-offer-low-inventory-housing-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How To Get The Winning Offer In A Low Inventory Housing Market - Welcome to Horse Properties Blog\" \/>\n<meta property=\"og:description\" content=\"When the real estate market has low inventory, homes are bought extremely quickly due to the high demand. If you find a home that you love and can afford, act fast. Send your offer as soon as you can. Waiting a few days or weeks could mean losing the home to another buyer. Also remember that with few houses on the market, there will be heavy competition. Even with a fast offer, someone else might offer a higher price and receive the home. 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