Finding the home of your dream isn't always easy, Here are 10 tips for making sure sellers won’t turn up their nose at your offer:1. Make sure the you are pre-approved for a mortgage (not to be confused with being pre-qualified) so you can close in about 30 days.
2. Study your market. Have you made an offer on another home or are you working against any other kind of deadline?
3. Make a clean offer – no requests for help with closing costs or other contingencies.
4. Include an automatic escalation clause – say $500 over the highest competing bid. (Insist that seller show the offers in writing.)
5. Sweeten the offer with a bonus if the deal gets done quickly.
6. Offer between 1 - 10 percent of the purchase price in earnest money.
7. Waive the appraisal. You will have to be willing to pay any difference between the selling price and what the bank is willing to lend.
8. Consider waiving the inspection.
9. Offer the full list price, preferably in cash.
10. Write a love letter to the sellers, telling them all the things you love about their home.
Source: MSN Real Estate, Marilyn Lewis (08/03/2010)
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