There are few things more frustrating and demotivating than finding a home you love, deciding you want it, making an offer…. And then learning that the owner has accepted another offer from a different buyer. Chances are, you won’t have the opportunity to buy that property again. So if you are shopping for a home, you should know how to make an offer that will get attention.

 

First, take the time to get to know the seller. While you may not hit it off with everyone, on the off chance that you do, you will have a much better chance of having your offer accepted over other offers. Even if you don’t end up making a strong connection with them, you might be able to understand what is important to them. Understanding their priorities means that you will be able to make an offer that has bee changed to fit their needs. If they are worried about fixing something, for example, offering to do it yourself after buying the house could make them much more likely to prefer you as a buyer. Understanding the sellers needs is key when looking to make a competitive offer.
 

Another thing you can do to have a better chance of getting the deal is appearing to be a serious buyer. One of the best things you can do is get preauthorization for certain loan amounts from your lender. If you show up to a home with a loan preauthorization in hand, the seller and their agent will instantly see that you are a serious buyer and have the money to proceed with the purchase. This will absolutely make them more likely to pursue a deal with you, as many sellers are looking to get out of the house as quickly as possible. So if you are looking at houses, go get that from your lender. At the very least, it will help you get something necessary out of the way, and will give you a good idea of the budget you will be working with. As a buyer, you should be doing your research to ensure that you have all of your things in order before you go looking to potentially make an offer on a house.

In the end, the offer working out is dependent on the other offers the seller receives. Sometimes, there will be nothing you can do to get a property if there is a highly motivated other buyer looking to get the property. All you can do is increase your odds.