06/05/2021
Youâve found yourself in a sellerâs market and not sure where to begin. We get it â a sellerâs market is full of intense bidding wars, conflicting best practices, and itâs overall intimidating to navigate.
Thatâs why we put together a short list of what we believe to be the 4 best tips to set yourself up for success:
1ď¸âŁ Shorten your escrow period. Put yourself in the sellerâs shoes â if you see two bids that are both competitive, but one has a shorter escrow period, youâre more likely going to choose that over a longer period. Shortening your escrow can not only streamline the process but make your offer *very* competitive.
2ď¸âŁ Reduce the contingencies. This one has the same reason as the above reason! The easier you make it on the seller, the more attractive your bid will be.
3ď¸âŁ Write a personal letter to the seller. This is an underrated yet effective technique to build rapport with the seller! By going the extra mile to share your story and what this sale would mean to you can leave a positive and lasting impression.
4ď¸âŁ Put down a strong earnest money deposit. In a sellerâs market, there can be a lot of competition to fight off. Thatâs why itâs best to start with a strong earnest money deposit to show that youâre a serious candidate.
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