How Can You Buy in a Competitive Market?

Looking to buy or sell a Los Angeles or Minneapolis area home? Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call us - Minneapolis: 612-294-0447 or 
Beverly Hills: 424-239-6519 for a FREE home buying or selling consultation to answer any of your real estate questions.

Hey everyone, thanks for visiting us today. The summer market is here, and we have a number of clients who are out looking to purchase a home. One of the most common questions I've been getting from them is, "What can we do to be successful in a hot market like this?" Today, we answer that question.

There are a number of things you can do to make your offer more attractive to the seller. As a start, it always comes down to the research you do on a property. If you know the numbers from the comparable homes around the one you are looking at, you know how fast homes are selling in the neighborhood and that's going to be the most helpful to let you know what's happening in our marketplace.

At that point, it just comes down to how you write your offer. It usually comes down to 5 items that make your offer more or less attractive to a seller.

1. Price- The most important factor, cash offers always carry more weight.
2. Closing date- The one the seller's want.
3-4. Down Payment/Earnest Money- These two go together, and the more money you offer up for these payments, the more attractive your offer is to the seller. They like it when a buyer has skin in the game, that's why cash offers work so great.
5. Contingencies- The less contingencies you have, the better.

As always, talk to me about the ins and outs of writing a successful offer. If you have any questions for me, don't hesitate to give me a call or send me an email. Talk to you soon!