Village Life

How to make a strong offer in today's market

September 30, 2022

Searching for a home isn’t always easy. It can take weeks to find the perfect home that fits your needs.Once you do find the “one” you want to ensure you are submitting an offer that will capture the seller’s attention. Although the market is shifting, there are still multiple offers being submitted on homes.

We’ve compiled a list of components to help you make a strong offer that will stand out from the competition.

1. Offer price

Sometimes offering “asking price” isn’t enough. With the number of offers being submitted, sometimes it is best to submit an offer that is above the asking price. It is important to work with an experienced realtor who can help you offer the right price.

2. Earnest money

Once you submit your offer, you’ll also need to submit an earnest money deposit. In Georgia, the typical earnest money deposit is around 1% to 3%. Submitting a higher earnest money deposit can help show the seller how serious you are about purchasing a home.

3. Contingencies

Contingencies are one of the key components of a real estate contract and they are there to help mainly protect YOU, the buyer. In short, they account for anything that needs to happen for the transaction to continue moving forward such as financing, appraisals, and inspections. One way to make your contract stand out is to have shorter contingencies but make sure they are deadlines that you will be able to meet.

4. Closing date

The more flexible you are with the closing date, the better it is for the seller. Usually sellers are in a position where they are trying to sell their current home while also searching for another one. Matching the seller’s desired closing timeline will help make your offer stronger.

Are you in the process of searching for a home? Contact us today and we will connect you with one of our experienced agents at Village Premier Collection. Your agent will help guide you through the buying process and ensure that you make the strongest offer possible.

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