What makes a winning real estate offer these days? This is what we've been seeing lately:
- The earnest money deposit is 3% or more of the purchase price. This signals to the seller that the buyer is serious and committed.
- The buyer has a fully underwritten pre-approval. A "conditional mortgage approval" is considered the most comprehensive pre-approval a buyer can receive.
- The buyer understands the needs of the seller. (What terms are they looking for? What creative things can we do to meet them?) They keep these wants in mind when writing their offer.
If you have questions about buying in today’s market - reach out! We’re always happy to be a resource for helping you move toward your real estate dreams.
Footer social links