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TIPS FOR MAKING A WINNING OFFER ON A HOME

Sunday, July 12, 2020   /   by Sally Scrimgeour

TIPS FOR MAKING A WINNING OFFER ON A HOME

How to Make a Winning Offer on a Home


The homebuying market continues to heat up — and that means there could be some fierce competition out there. While that may seem intimidating, it doesn’t mean your dream home is out of reach.


There are quite a few things you can do to stand out if you find yourself up against other buyers.
 

Want to make sure a property doesn’t slip through your fingers? Put these five tips into action to make a winning offer:

 

Write a personal letter. Tell the seller what you love about the home and what it means to you and your family. Include the letter with your offer to set yourself apart from other interested buyers.


Add an escalation clause. With an escalation clause, you agree to increase your bid (up to a certain point) if another buyer outbids you. It’s a great way to ensure you stay at the top in a bidding war.
Stay flexible and open-minded. Be mindful of the seller’s timeline. If they need to spend a few extra weeks in the home before you can move in, discuss potential ways to make it work for both of you.

Increase your earnest money deposit. Upping your deposit can give a seller more confidence in your offer. Just remember that sellers could end up keeping the earnest money if you pull out of the deal. 
 

Get preapproved for your loan. Another way to inspire confidence? Come in with a preapproval letter from a lender. 


Ready to start your home search? Get in touch for help finding the perfect home and making a winning offer.

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The Scrimgeour Group
Sally Scrimgeour
11455 Viking Dr
Minneapolis, MN 55344
952-200-9461

The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Coldwell Banker Burnet are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.” Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.” Copyright2020Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. Data last updated November 24, 2020
The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real Estate listings held by brokerage firms other than Sally Scrimgeour - The Minnesota Home Selling Team / Coldwell Banker Burnet are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.” Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.” Copyright2020Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. Data last updated November 24, 2020
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