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Camas and SW
Washington Properties
James
Kimball specializes in Camas and SW Washington Real Estate and is the
Area's Premier Choice for High-Quality Real Estate Service.
Seach for
properties in area cities including Camas,
Vancouver,
Washougal,
Ridgefield,
La
Center, Woodland,
Battle
Ground, Amboy
and Yacolt |
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A
great home in pristine condition may get scooped
up hours after being listed. So when competition
is fierce, you need to make your offer stand out
from your competitors' offers. To increase the
likelihood that a seller accepts your offer,
consider adopting one or more of these
strategies:
Price.
Obviously, price tends to be the primary
consideration for sellers. In a hot market, when
buyers outnumber inventory, offers often come in
at full price or above. When you're competing
for a home, to get an edge, think about adding a
clause stating that you will beat the highest
offer by "x" dollars up to
"x" amount. Cash offers can be more
attractive to sellers as well. Although sellers
will receive their money at closing whether
buyers pay with cash or take out a loan, cash
offers don't require lender approval. And loan
approval is never a certainty-it may delay
closing.
Financing.
It's not enough to be pre-qualified.
Pre-qualification only tells how much you can
afford. Pre-approval goes a step further. Your
lender will thoroughly evaluate your
application-including verifying employment
information and financial disposition-then clear
you for a loan of a determined amount. Having
your loan pre-approved gives you a sizeable
advantage by putting you on equal footing with
cash buyers.
Good Faith
Deposit. Buyers offering a
larger-than-customary amount of "earnest
money," a deposit that accompanies an
offer, may get a seller's attention. By
committing more money up front, buyers
demonstrate greater sincerity and motivation to
close the transaction. Your real estate
professional can guide you as to the appropriate
sum for your specific transaction.
Contingencies.
Consider minimizing contingencies, those clauses
that allow buyers to back out of a contract if
certain conditions are not met. For example,
it's common for buyers to make the purchase
contingent upon their securing satisfactory
financing. Obviously, offers with the fewest
conditions tend to be more attractive to
sellers.
From a contingency standpoint, first-time buyers
are often better prospects for a seller's home
than move-up buyers. Here's why: Very often,
buyers' offers are contingent upon the sale of
their present home. Even if a move-up buyer has
an offer in hand, that buyer's offer may be
contingent on another contingency, and so on
down the line. If one transaction derails, they
all might.
Relationship.
Help the seller get to know and identify with
you by looking for ways to connect. For
instance, it may be through a shared
appreciation of a certain style of architecture.
Let's say that you're fortunate enough to find
yourself competing for an original Frank Lloyd
Wright-designed home. After hearing about your
visit to Taliesin West, Wright's desert home,
and your collection of Wright-inspired
furniture, the seller might be persuaded that
you should be the next custodian of this
national treasure. Of course, the connection
could be something more conventional such as a
shared love of gardening. You'll want to
persuade the seller that his prize roses will be
well tended.
Naturally, sellers would like to receive top
dollar for their home, but remember, they also
want an easy, trouble-free transaction. Thus, as
a rule, the fewer the contingencies and the
greater the commitment, the more attractive your
offer may look.
To obtain the most
professional representation available, contact
me at 360-910-1570 today. |
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CamasProperties.com 
