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BUYERS • December 7, 2023

5 Elements for Your Winning Real Estate Offer!

by Dominique McDaniel

Currently, the real estate market is highly competitive. Here’s how I started making real estate offers more competitive:

  1. Show Strong Financial Backing: Show pre-approval for a mortgage or proof of funds if paying in cash. Doing this makes the offer more appealing and demonstrates financial readiness.
  1. Make A Competitive Offer: Offer a price that aligns with the property’s market value based on research and guidance from a real estate agent. This ensure the offer is very competitive.
  1. Limit Contingencies: Keep inspections, surveys and/or financing contingencies to a bare minimum. Also offer to waive non-essential ones. Doing so will make the offer more appealing. 
  1. Respond Quickly and Be Flexible: Respond promptly and being flexible with the seller’s preferred closing date or other terms shows your commitment and can set your offer apart from others.
  1. Escalation Clause (if applicable): Include an escalation clause in the offer. It allows the bid to automatically increase if competing offers are presented, showcasing your willingness to outbid other potential buyers within a specified limit.
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