Are you thinking about buying a new home in Raleigh, Cary or elsewhere in the Triangle area? Congratulations! Purchasing real estate is an exciting time that can be made far easier if you’re well-prepared and show the seller that you’re their best option for a quick and easy sale. Today we’ll explore a few different ways that you can ensure that your offer stands out from the rest of the pack when buying a piece of Raleigh real estate.
Have Everything Ready to Go
Before you’re ready to ‘sign on the dotted line’ there are a few steps that you can take to prepare in the event that the seller has a number of other offers. First, if you’re going to require mortgage financing it’s a good idea to get a pre-approval letter from your financier. This will show the seller that there will be no additional delays as you try to work through the mortgage paperwork.
Next, try to have your vendors lined up for the appraisal and inspection processes. If you feel that there may be a bit of a delay due to the home inspection, you can add a contingency clause in your purchase agreement that allows you to walk away if any major red flags are identified, or allows you to buy the home in an ‘as is’ condition.
Be Polite and Friendly with the Seller
As real estate is a ‘people’ business, a little politeness and personality will go a long way in helping move your bid to the top of the stack. While some home sellers simply want to sell and move on, there are many who have developed an attachment to their home and want to see it transfer to another pair of good hands. Try to build a bit of rapport with your seller and show some genuine interest in their affairs.
Sweeten Your Offer with an Escalation Clause
If you get the feeling that your bid might be one of many on a home, you may be tempted to overbid in order to secure the sale. One tactic that you can use instead is to include an escalation clause in your offer, which will raise the amount that you’re willing to pay if the seller can provide evidence that higher bids are coming in. Going this route gives you the best chance of getting the home at your original offer price and will only end up costing you more if there are other legitimate bids driving the price up.
Buying your next home here in Raleigh will be made much easier with the help of an experienced real estate agent on your side. Contact the professional team at Raleigh Cary Realty today at (919) 439-0965 or click the button below to send us an email. We’ll schedule a consultation at your convenience to determine what you’re looking for in your dream home and we’ll work tirelessly to ensure that you find it.
