Looking To Buy A Home? Make Your Home Offer Stand Out With These 3 Tips

If you're currently on the market for a new home, it's important to understand what sellers look for in an offer. Below are three tips that will help your offer to stand out and make it to the top of the seller's pile.

Get Preapproved for a Mortgage

If you're looking to purchase a home, you may think that being prequalified for a loan is enough. While prequalifying does show homeowners that your financial situation is in good standing, being prequalified by a mortgage lender is not a promise that you will receive that money.

Instead, if you're serious about standing out to home sellers, go through the process of getting preapproved. Including the preapproval letter in your offer will show sellers that you've already got the financial backing for the home purchase and the money is, essentially, as good as gold. If the seller chooses you, having a preapproval letter can also mean that the seller won't be waiting as long on the mortgage approval as they would be with a buyer who was only prequalified.

Be Flexible on the Closing Date

For many people who're in the process of selling their homes, they're usually also in the process of buying another. This means they may need some flexibility when it comes to closing the deal.

If you know the seller's new residence won't be ready for another 60 days, it can mean a lot to them if you specify that you don't mind closing in that time period. Being flexible can go a long way, and it may even get you the house over someone who offered more money. Why? Because no one wants to go through unnecessary difficulties, such as finding a residence for a month while waiting for their new home's closing date to arrive, and may take less difficulties over more money.

Include a Personalized Letter to the Seller

For many homeowners, selling can be emotional. A heartfelt letter that gives the homeowner a glimpse into who you are may be just what you need to make your offer stand out.

Selling a home can be a very emotional process, so giving the seller the opportunity to learn more about who you are and how you'll care for the home may put them at ease and place your offer at the top of the pile. You don't have to go into too much detail, but a handwritten note with a small introduction and a short list of what you love about the home can really mean a lot to a seller.

If you're looking to buy, there are a number of ways you can make your offer stand out to buyers. To learn more, consult with a real estate agent today.