Guide On Making an Offer During A Sellers Market

Making an attractive offer to the seller take a lot of amount of careful thoughts. You need to make sure that you do not just write an offer especially, if the area is experiencing a seller’s market. You can use the same methods that you use when there is a buyer’s market, however, you need to bear in mind that competition is really stiff, knowing that there are only few properties on the market. for example you are looking at Hinsdale real estate. You need to make sure and put a lot of thought on your offer that will catch the eye of the seller, even as early as browsing Hinsdale homes for sale. Here are a few tips in order to create a good offer:

1) Proof that you can push through wih the sale – Many people have accepted the fact that attaching a preapproved letter is something that is welcomed by the seller. It does sends the message that you are serious on buying the property and yur credit history has been checked. Letting the seller know that you have a good credit history means that you ae telling the seller that you really have what it takes to push through with the sale. However, if you want to up the notch a bit, what you can do is present a proof of funds. You just need to black out all the private and sensitive information. This will give you offer the edge it needs as it sends a stronger message to the seller that you have the funds ready to begin the purchasing process immediately.

2) Handsome earnest money – Carefuly check your finances and write a good amount as an earnest money. This will definitely catch the eye of th seller because you are putting a lot on the table which means that you will not waste the seller’s time and really want to buy the house.

3) Shorten length of time for inspection – A lot of seller have problems with buyers that are also serious in buying the property about the amount of time they ask for home inspection. This do not mean that you will skip and will not have a complete home inspection. This only means that you will arrange the schedule of each home inspector as close as possible in order for the whole home inspection to finish early. If you can find one company that can accomodate all types of home inspection then it would be better for you. This way, you only need to coordinate with one company in order to arrange an optimized inspection schedule and process.

4) Attaching a personal letter on your offer – If you have done your research about the seller, then you can make a good impression on the letter which you can attach on your offer. For example if you know that the seller cannot move out right away, then it would not hurt and be a bit personal and let the seller know that you can adjust your move in date.

5) Re-checking and reconsider your contingencies – Since it’s a sellr’s market, it would be hard to push a lot of the contingencies you have in mind. Just retain all the reasonable and vital contingencies and remove the other contingencies. Just make sure you do not compromise your investment and again all the important contingencies are in place.