5 Expert Ways to Make a Seller Fall in Love with Your Home Offer

Estimated reading time: 2.5 minutes

In a competitive housing market, a buyer needs to make a seller fall in love with their offer to stand out from others. But how can you make it to the closing table with a home you love? Let’s dive into 5 expert suggestions on how to put your best offer forward and land your dream property!

1. Limit Asking for Extras

Sometimes, a homebuyer can add contingencies to their purchase offer. If an inspection reveals repairs about the home, some buyers may negotiate the sale price, request repairs, or walk away from the sale. To help your offer stand out, experts recommend handling minor repairs yourself once you close on the home and move in. Having fewer contingencies can show a seller that you’re hassle-free and committed to owning their property.

2. Show Your Commitment with Earnest Money

Earnest money is disclosed in your offer and paid after the seller accepts. It shows that you’re dedicated to purchasing the property. This deposit is typically 1% to 2% of the home’s sale price and is held in escrow until after closing. However, paying a little extra if your budget allows is a demonstration of your investment.

3. Write a Love Letter

Personalizing your offer with a letter can be a nice touch. Instead of writing about your personal information, experts advise making an emotional connection with the seller by focusing on the home features and amenities you love. Maybe you’re excited about a yard for your pets who have only previously known apartments or a kitchen with enough counter space to host dinner parties.

4. Start With Your Most Competitive Offer

Above all, sellers usually favor offers that are slightly above their asking price. If you’re committed to a home and can afford to offer a little extra money while staying in your budget, it could be the key to getting you to the closing table!

5. Obtain a Pre-Approval

Having a pre-approval letter from a mortgage lender like McGlone Mortgage shows a seller that you’re serious about purchasing their home and you have the means to back it up. Not only will a pre-approval show exactly how much house you can afford, but it also assures sellers that a lender verified you can make your mortgage payments. Sellers can be confident that there will be less hang ups in the financial process when compared to offers without pre-approval.

Home Sweet Home

When you find a home you love, it’s important to do everything you can to show a seller you’re serious about your purchase. Working with McGlone Mortgage can increase your confidence and your offer! Contact us to connect with a Licensed Loan Originator who will guide you through your financing options and keep you up to date with our handy mortgage app!