With the Austin housing market booming, competition for home purchasing is in high demand! It is important to let sellers know that you are serious and ready to act! Follow these tips to find out how to get an edge over other potential buyers.
When buying a home, time is of the essence. Cash buyers show strength because they present no financial contingency. However, a solid mortgage pre-approval with a short inspection and the assurance of a quick closing can have equal billing. Bottom line: sellers want to know how quickly they can get their money.
Exceed the Ask
Buyers who present an offer considerably above the asking price may find that the seller is much more willing to give them some time to get their financing in order. Another approach is to show, along with the loan pre-approval, proof of the funds necessary to cover the down payment. A seller will be more inclined to accept an offer with a financing contingency when the buyer demonstrates sufficient liquidity.
Establish a Connection
Selling a home can be an emotional decision, and in some cases sellers are concerned about the intent of the buyer. If the seller has an emotional connection to the property, the owner may favor a buyer who plans to occupy the property over an investor who plans to make major changes and rent or re-sell the property.
Buyers that show kindness toward the seller seem to separate themselves and gain an advantage. Paying compliment to the space you are buying never hurts. Instead of pointing out the property's shortcomings, take advantage of any opportunity you may have to convince the seller that you are the right buyer for their property.
Author:Andrea Bostic Phone: 512-939-0103 Dated: May 9th 2016 Views: 262 About Andrea: Andrea has lived in the Austin area for 40 years. Her professional background, active in the commun...
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