How To Get An Offer Approved? | 10 Tips | Ukiah Real Estate

This market is so challenging and I understand how you're feeling right now. Offer after offer but nothing's getting accepted. Here are some ways that you can get your offer accepted by me. Some ways that I help you get your offer accepted. So if you're interested stay tuned. If you haven't yet called me about buying a house, you should just hang up and walk. Call me right now anyways!

Hi, my name is Kasie Gray, your homegirl, and broker associate here in Ukiah, and today I'm talking about how you can get your offer accepted. So these are my 10 tips for getting your offer accepted. If you're my client, there's lots more where this came from. So just pick up the phone, and give me a call first, I'll be one of the first to put to view the house and put in an offer.

A lot of houses these days have offered you by dates which makes it a little bit more challenging but you want to get in to see that house as fast as possible, and if they don't, have a due date to get your offer in without any hesitation. They don't have a second to wait. Second is offering the above ask or including an escalation clause. I'll have another video up soon about what an escalation clause is but you know, you should just hire a professional to explain it to you anyway so I'll just leave it at that.

Number three is to be open to an appraisal gap. So if you have a lower down this isn't might not be an option for you but you might need to waive the appraisal contingency. So a seller thinks that you have more skin in the game. What that does is if it doesn't appraise then you either have to come up with the cash or back out and give them your deposit.

Number four speaking about deposits beef up your earnest money. So I cannot tell you how many times my clients have gotten denied offers because the earnest money was not enough. Look for anywhere from two percent and up to a put-down. It's you'll get it back as long as you have your contingencies but a seller wants to know that you have as much skin in the game as possible and you look more qualified when you have higher earnest money.

Number five getting pre-approved by a local lender, not a bank, not quick in loans, not someone that doesn't work when they need to. What we're looking for is someone that's flexible, someone that knows the area, someone that understands how appraisals are going in around here, and so forth. It's super important to make sure that you check with your buyer's agent before you get pre-approved because chances are they have a team that they've worked with extensively who have done great transactions for them. So do not go to quicken loans because your offer will get denied. Nobody likes to work with quicken loans unless you're doing a refinance. So just don't do it. I'm just telling you now.

Number six, offer to pay for the seller's moving expenses you know up to a certain amount but you know offer to help them out with a mover or whatever they might be looking for. Number seven defer all closing timelines to the seller so whether they need a longer escrow to need a rent back whatever it might be give it to them. That's sometimes that's the only way you can win in these situations especially if you have some flexibility in your schedule is to offer a rent back to offer flexibility for the seller so that they can go find another house to move to because no one wants to be homeless. So, if you're going to help them out with not being homeless, they're your guy or you're their guy you're everyone's guy everyone's got.

Number eight waives the inspection contingency. So depending on if they have inspections already on the home you might be able to waive your inspection contingency. If you have other contingencies set up like a loan and appraisal that might be a little bit more appetizing for you. So that you still have the possibility to back out and get your deposit back but so it looks very confident to a seller that whatever this house has in store, I don't care. I want to buy it even if I need to install a new super lateral and put it on a roof. Those are the things that a seller wants. They want you to commit.

Number nine, eliminate financing contingencies so your loan contingency is what saves you if for some reason you get fired you accidentally bought a new car whatever it might be. You can't get a loan anymore and now you can back out with getting your deposit back but removing that contingency. You can still back out you're just not going to get your deposit back. I mean they can't force you to buy a house but they could take your check from you. So that one definitely is careful with some lenders who can fully underwrite you before you even get into the contract which will allow you to remove that loan contingency. But still, you know consult with your team to make sure it's okay and they feel confident in it and you feel confident. Know the rules that you're not supposed to buy a new car on accident or whatever it might be and then you can do that.

Number 10 has as much down as possible or as much cash as possible sellers love to see the cash. It just makes you a more qualified buyer it doesn't always necessarily mean that you're more dependent it's just what they see on paper. The bigger the numbers, the more confident it looks. So, like I said hire a professional. I've written so many offers in my career and I know what to look for what not to look for how to communicate with the agent and to try to how to try to get your offer accepted. I can only do so much but as a buyer, you know you want to have a really professional and seasoned buyer's agent so that they can get your offer accepted for you!