The lure of a short sale or bank owned home can be quite attractive to buyers nowadays. Everyone wants to believe that they are getting the best bargain available. The looming question that I am constantly asked is, "How do I get my offer accepted?"
Here are a few simple suggestions to get your offer accepted:
1. Write an offer that is clean with no contingencies. By this, we mean to make a straight forward offer with a fair and reasonable purchase price and make it where your offer is not contingent upon anything else.
2. Align yourself with an agent who understands the process. If it is the listing agent, be sure that they have a great relationship with the lender and can advocate on your behalf.
3. Understand that the biggest discounts will come from properties that need repair.
4. Expect that the bank will receive multiple offers, therefore, if you are given the opportunity to submit a FINAL and BEST OFFER, truly make it your best and then be willing to walk away. If it is truly the home that you want from the outset, then make your BEST OFFER up front. You can then make that same offer when it comes time to submit a FINAL and BEST.
Follow these tips and you just may find that you have a better chance of securing the home of your choice.
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