How to Get Buyers to Make An Offer on Your Home Quickly and for the Right Price:
TIP # 1:
List Your Home correctly to attract more buyers.
#1.) Always take advantage of a real estate agent! It does not cost the buyer
anything to hire an agent and it could save you money and time.
Your agent that can you help you research the comparable properties in the area to
inform you of what other similar properties have sold for in the recent past (usually
in past 90 days) so you can determine what the estimated value might be of your
selected home in that area.
Some buyers may elect to pay over list price when we are in a seller's market,
especially if many buyers are interested in the same property in order to get an edge
on your offer being accepted. Your agent can give you a reasonable price range and
guide you through the experience, so you can have realistic expectations. A good
buyer's agent knows there is always more to an offer than just price, but the price is
usually the top factor for a seller.
# 2.) Always Get a Proper Home Inspection
In Florida, a home inspection is usually conducted after buyers make a purchase
offer and have it accepted, however it may also be listed as contract contingency.
A contract contingency means a buyer has the right to cancel the contract due to the
reasons agreed upon by both parties. You will; not want to be locked into buying a
home that in is need of costly repairs that are not apparent at time of initial viewing.
Sellers are generally not required to make repairs if problems are discovered during
a home inspection. A home inspection is for the buyer's edification. However,
sometimes when a buyer gives a Request for Repair to the seller, the seller will often agree to make a repair or adjust the asking price or may even offer money to
be held in escrow to allow the buyer to make the repair after the closing if needed.
#3.) Write a Letter to Introduce Yourself to the Sellers
Buyers must remember that some sellers are very attached to their homes and only
want someone to love it as much as they do. Leaving a place behind that stores
years of memories can be emotional to them. Let them know that you have
common ground and will take care of their home and create as many cherished
memories as they have. So, if you are trying to stand out from other offers / buyers;
have your agent assist you in composing a letter that could potentially put you in
#4.) Always be aware that a counter offer is customary and could happen.
You will want to be aware that the seller may decide to make you a counteroffer
and prepare a purchase agreement with new terms, such as a higher sales price
or fewer contingencies. If that occurs, you have the option to accept the new
terms or make your own counteroffer to the sellers or decline and move on with
searching for another good fit for you. Your agent can help you make that
decision based on your desires and needs.