How to Get Your Home Offer Accepted
Imagine this situation – you are looking to get a new home on the market, and you want every potential buyer to check out your place, at an offer that you yourself have arrived at. As a seller, you want your offer to be considered by as many people as possible. In fact, you want sellers to agree to your demanded offer without being bogged down in a spiral of endless negotiations. In short, you just want a hassle-free experience with your home offer.
Even when the market is on the upswing, there are some tips that you can follow that help in getting your home offer getting accepted. These tips work universally. Plus they are not just about how much you’ve put your home on for.
Without further ado, let’s take a look at how you can sell your home for the offer you made:
You Need to Get Into the Mindset of a Seller
The first thing that you should ask yourself is pretty straight-forward – what do you, as a seller, need out of this sale? What are your primary motivations behind selling this place?
Now suppose you need some money at hand for something. That is a good reason to sell. Another good reason for selling the place would be that you want to relocate somewhere else and need to get rid of your current place as soon as possible. Or maybe your life hit a bump, facing a divorce.
It is important to understand these reasons when you are considering a seller. Once you understand a seller’s motivation for selling their place, you are in a better position to formulate a great offer. You know their pain pressure points, so you can make them a reasonably fair offer based on their circumstances and reasons for selling the place.
Research
Before making your offer, you are better off finding out the parameters of the deal. You can research a bit, first by checking out the neighborhood. You can then review documents, check if the numbers are in order, etc.
Doing your research means that you have a better idea about the offer you are making to sellers. It has a high likelihood of getting accepted once you can justify your price.
Discuss with Seller
If the seller gives you a higher than expected price, you may need to bring them down to the reality of their situation. In such a case, consider asking them focused questions that confirm your suspicions. Ask them what criteria they used to arrive at their starting price.
If they mention that they are basing their price on how much their neighbors sold their place, then you might need to consider asking them about things such as the homes’ condition, age, updates and so on.
Just remember that all of this needs to be done in a subtle manner. Don’t make them an offer before and more so, don’t throw a lowball offer.
Negotiate If It Comes to That
Last but certainly not the least, if it comes to that, you may want to negotiate with them. You will want to leave room for a counteroffer. In fact, most real estates believe that home offers have a high likelihood to be closed once there’s a deal both sides could negotiate towards.
Consider giving them an offer that is a bit below than what you want to pay, and hear their counteroffer. If you are satisfied with their counteroffer then congratulations. If not, you can always ask them for ridiculous extras such as a lawn mover or hot tub. This can get them to say no and leave room for you to wiggle with the final price. This way both parties feel that there is space to negotiate.
These tips can help you get your home offer accepted in no time.