Imagine that you've found your dream home. It's in a neighborhood where great homes rarely come on the market, or don't stay there for long. You make an offer to purchase, and then learn your offer was not the only one. What's more, your offer has been rejected and another has been accepted. What could you have done differently that might have ensured acceptance of your offer? First, make your offer stand out from the rest by including a large earnest money deposit. "Earnest" money is just that:: it shows your genuine intention, desire and most importantly - ability to purchase the property. Remember, if your offer is not accepted, you get the earnest money back. If it is accepted, it goes towards the purchase price. Securing pre-approval from a mortgage lender also provides great credibility to your offer. This shows you've already been approved by a lender to finance the cost of the home, The real estate agent can help you acquire such documentation. While some offers are accepted with as little as $500 or $1000 earnest money deposit, you can greatly increase your chances on a hot property by including a deposit of 5 of even 10. Remember that your offer might be one of many, and a large earnest money deposit shows the sellers you are a very serious and motivated.
How else can you guarantee acceptance of your offer?
Call me to discuss your options!
EXIT DELUXE REALTY
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