This week we’re diving into the coo coo competitive real estate market. Juuuuust when we thought things were slowing down, some pockets remained red hot. Yup - we’re still seeing COVID-era escalation clauses, cash offers, inspection waivers, appraisal gaps, and... some people offering their third born (kidding). I’m sharing some of my favorite tips on balancing buyer goals with seller realities so that you can craft an offer that feels most competitive and comfortable to you. From working with a local ~ and available ~ lenders to applying creative inspection clauses, I’m offering tips and tactics that EVERY buyer can consider to help enhance their offer. I’m also offering a BIG dose of encouragement 🫂 for anyone riding the waves of the sometimes turbulent process. Hang in there, friends. You got this!
Key takeaways:
-The real estate market is highly competitive, especially in certain counties.
- Understanding both buyer and seller perspectives is crucial for crafting offers.
- Waiving contingencies can make an offer more appealing to sellers.
- Pricing strategies, including escalation clauses, can help buyers secure homes.
- Buyers should be prepared for potential appraisal gaps and how to handle them.
- The choice of lender can impact the seller's confidence in an offer.
- Offering to cover transfer taxes can strengthen a buyer's offer.
- Emotional support is essential for buyers navigating the home buying process.
- Patience and persistence are key in a competitive market.
- Buyers should work closely with their realtor for guidance and support.
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