Don’t Let Your Dream Home Slip Away - Get the Winning Edge Now

By Jeff Burke

We bring professionalism, a high level of communication, negotiation, and execution to all our clients. We serve the greater Lansing and Grand Rapids- West MI area, where we are committed to protecting our client’s best interest and giving that 5-star experience!

To increase your chances of having your offer accepted in a competitive real estate market, consider these strategies:

1. Offer above the asking price. In a market where sellers have the upper hand, offering more than the listed price is often necessary to stand out among multiple offers.

2. Inspection flexibility. Instead of completely waiving inspections, you can reduce the inspection period or agree to request repairs only for significant issues exceeding a certain dollar amount. This mitigates the risk of costly surprises for the seller.

“Instead of completely waiving inspections, reduce the inspection period or agree to request repairs for significant issues.”

3. Cover the appraisal gap. Due to rapidly rising home prices, some properties may not appraise at their final sale price. You can make your offer more appealing by agreeing to cover any potential appraisal shortfall.

4. Be flexible with timing. Sellers may have specific preferences regarding the timing of their sale. Work with the seller’s agent to accommodate their needs, whether by offering an extended or quicker closing period. Additionally, consider providing a post-occupancy period, allowing the seller to remain in the house after closing for up to 60 days while they make necessary arrangements.

By implementing these strategies, you can make your offer more competitive in a challenging real estate market. If you have any questions or need further assistance, please don’t hesitate to reach out to me via phone or email. I’m here to help.