If a home has been on the market for more than three weeks and you’d like to make an offer, we can review recent sales in the area and help you submit a competitive offer.

#BetterCallADeWald (503) 545-4945

Tips To Be Competitive

• Writing a competitive offer on a home– It involves more than just offering the highest price. Here are some tips to help you write a strong and competitive offer:
• Get pre-approved for a mortgage: Having a pre-approval letter from a lender shows the seller that you are a serious buyer who can secure financing. This can give you an edge over other buyers who haven’t been pre-approved.
• Research the market: Study the market conditions in the area to understand how quickly homes are selling and at what price point. This will help you determine a fair offer that is competitive with other offers.
• Make a strong initial offer: If the market is hot and there are multiple offers, consider making a strong initial offer. This could mean offering above the asking price, including an escalation clause, or offering a higher earnest money deposit.
• Write a personalized offer letter: (if allowed in your market) Including a personal letter to the seller can help you stand out from other buyers. In the letter, you can explain why you love the home and why you are the best buyer for it.
• Be flexible: Consider being flexible with the seller’s timeline and any contingencies. If the seller needs more time to move out, or wants to rent back the property for a few weeks, being accommodating can make your offer more attractive.
• Work with an experienced real estate agent: A good agent can provide valuable advice on the local market, help you negotiate terms, and ensure that your offer is competitive and compelling.

Remember that the goal is not just to offer the highest price, but to make an offer that is attractive to the seller and gives you the best chance of winning the home.

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