Here’s how you can get your offer accepted in this competitive market.

In many ways, this market is just as competitive as in 2005 to 2006. In many cases, you have multiple offers on the table—it’s difficult to compete against 15 to 20 other offers. So how do you get your offer accepted in a market like this? 

“Getting your offer accepted is one thing, putting yourself at risk is another.”

Here are three ways to make your offer stand out to sellers:

1. Offer over asking price

2. Go in with a larger earnest money deposit

3. Waive appraisal and/or financing contingencies 

These approaches are very effective and can work to your advantage, but you need a real estate agent who knows what they’re doing when writing these contracts to ensure you’re protected. Getting your offer accepted is one thing, putting yourself at risk is another; there’s a right way and a wrong way to approach this. Make sure your agent has plenty of experience and even better if they worked in the 2005 to 2006 market—the last time it was this competitive. 

If you have any questions or would like to talk more about how to get your offer accepted in our current market, call me on my cell 602-738-9943 or email me jason@thepenroseteam.com. We would love to be your real estate resource.