Make Your Offer Stand Out in a Competitive Market
Accepted Offer Checklist Day 1
Spring is in the air and so is opportunity!
Dive into the vibrant real estate market this season with confidence. In a competitive market, I shine as your trusted Agent, guiding you to your dream home.
Getting my Buyer’s offers accepted is my superpower! I have tried and true strategies I implement when a competitive offer scenario arises that will help their offer be the one the Sellers pick! I packaged up a checklist of these exact strategies that I’m sharing FOR FREE! All you have to do is click the link below or send me a DM and I’ll shoot a copy straight to your inbox!
https://www.modernagentoffer.com/adrienne-wilson
Accepted Offer Checklist Day 2
Mind over Market
The market seems to be shifting every 5 minutes, it's no wonder the thought of buying a home can feel paralyzing. I spend my time showing up in this space and educating potential and future home buyers on these topics for this exact reason. I want to keep you AHEAD of the curve. I want to be your virtual resource for all things real estate and Colorado life. I want you to have the smoothest home-buying experience possible– not one that’s full of ups and downs. But the only way that will work is if you take a few steps back and PREPARE! To kick this off, I will be spilling all my tips for mentally preparing for house hunting in a competitive market over the next few days!
Accepted Offer Checklist Day 3
STEP 1: Get yourself a buyer’s agent (the first step in mentally preparing for house hunting in a competitive market)!
Hiring a buyer’s agent is so important. You wouldn't run to the opposing team's coach to ask for advice on how to beat their team, would you? You want a home coach (aka agent) working on YOUR behalf.
Having a professional represent you during your home purchase is CRITICAL (especially in a crazy market).
A buyer’s agent will not only find and show you homes that meet your criteria, they will also educate you on the market you’re buying in, let you know what to expect, the prices homes are selling for...all the things.
When you do find the house you want to write an offer on, they will also negotiate on your behalf and make sure you have all of your ducks in a row!
Think of your Real Estate Agent like your house-hunting instruction manual. Instead of having to Google your way into oblivion throughout the entire process, you will know exactly what to expect every step of the way.
Here’s the deal: If you are even remotely thinking about making a move right now, DM me. I'd love to hear about your home goals and help you establish a timeline and game plan that works best for you.
So jump in my DM’s and let’s do this! Stay tuned for tomorrow’s tip for mentally preparing for house hunting in a competitive market!
Accepted Offer Checklist Day 4
STEP 2: Submit a pre-approval with your offer
I share my list of lender recommendations with my clients so that you can have your official pre-approval letter ready to go before you even start house hunting. Fact– a seller in this market will not even consider your offer if you don’t have a pre-approval letter submitted with it so be prepared and cross this off your list first. You, as the buyer, also need to know how high you can comfortably go (broken down into a monthly payment and taking taxes into consideration). If you want to be taken seriously, you have to be able to show that you’re qualified to buy the house. PLUS, this is HUGE for your own peace of mind because you'll know what to expect for a monthly payment before you even submit your offer!
Tomorrow I’m sharing STEP 3 for how to mentally prepare for house hunting in a competitive market!
Accepted Offer Checklist Day 5
STEP 3: Be prepared to compete with other offers
In most price ranges, there are currently more buyers looking for homes than there are homes for sale. Supply and demand are telling us that it’s a seller's market. This means that when you find that "perfect for you" house, it might also be “perfect" for 3 or more other buyers. This leads me to the next thing to keep in mind:
Be prepared to move quickly!
I hate to go all Beyonce on you, but “if you liked it then you should’ve put an offer on it?” As cheesy as that is, it rings true right now!
As your agent, I will break down market stats for you like “average days on the market” so that you can see how quickly things are moving and we can plan accordingly. When a house you like hits the MLS that checks the boxes on your wish list, you’ll want to make arrangements to tour it as soon as possible and then make a decision on whether or not you want to move forward ASAP. I'll be in contact with the listing agent during this time to see if they have any other offers and what's important to the seller at that time.
You might think, "Well I don't want to be rushed!" But when I take my clients through each step of the way and explain things to them, by the time we're ready to write an offer, they're not feeling "rushed." They're feeling confident! Trust the process!
Accepted Offer Checklist Day 6
STEP 4 (and final step to mentally preparing for house hunting in a competitive market):
Be prepared to offer more than the list price.
By now you’ve likely heard that homes are selling for more than their list price. This is not true for all homes and all price ranges, so ask your agent what's happening in your market. In our mountain markets, there is a good chance you will have the upper hand as a Buyer.
This is why having that pre-approval and understanding of your budget is so crucial to starting the house-hunting process. If you fall in love with a home, you want to be clear on how much above the offer price you can comfortably and financially go so that you don’t end up over your head.
The question I always recommend buyers ask themselves is: “If I lost out on this house because my offer was X amount too low, how would I feel?"
You need to determine X and then figure out what number you feel is too high as well. That will help you make informed decisions vs emotional ones and prevent any buyer’s remorse down the road!
Let’s recap what you need to do to be mentally prepared for house hunting in a competitive market:
- Hire a buyer’s agent first so that you are educated and READY
- Be prepared to submit a pre-approval with your offer
- Be prepared to compete with other offers
- Be prepared to move quickly
- Be prepared to offer more than the list price
Do you have questions? Drop them below so I can help!
And last but not least, I wanted to let you know about my Accepted Offer Checklist! I packaged up all the tips I share with my buyers to help their offer stand out in a competitive market and turned it into a PDF checklist that I’m sharing for free! It covers the strategies I implement with my buyers when a competitive offer scenario arises! Comment below, click the link, or send me a DM to get your copy now!
https://www.modernagentoffer.com/adrienne-wilson
