This week, Erik & Randal chat about placing an offer on a home. They've talked a little bit about this before, but they didn't get into some of the tips and tricks we tell our clients to use when placing an offer in a competitive market like Boston.  At Focus Real Estate, all of our agents are well trained to make an offer on behalf of their clients that will help them stand out from the pack.



TRANSCRIPT:

Randal:

Hi! Welcome back to FOCUS Real Estate's weekly video blog. I'm Randal Engelmann. 

Erik:

And I'm Erik Gould.

Randal: 

And this week we'd like to chat with you about 

Both:

How To Place A Competitive Offer.

Erik:

So buyers out there, how do you make your offer competitive? We've previously had done one of these videos on the mechanics of placing an offer but we want to chat with you a little bit about making your offer competitive.

Randal:

Indeed. You know everybody's got the highest offer, right? Price is always very important to a seller.

Erik:

You think?

Randal:

Always! Price is always paramount, but there's a lot that goes into that, okay. There's a lot that goes into not only your price but the other terms and conditions that you have in your offer. So the fewer you have the better.

Erik:

Yep. Terms and conditions, mortgage, home inspection any other asks, and also your dates,

Randal:

Yeah. So really a lot of it comes down to what we find, in representing buyers in this hot market, is having perspective. Flipping yourself around and looking at things from a seller's perspective. And I know it seems counterintuitive to be doing that but when our goal is to find you the home, the best thing that we can do is craft the best offer we possibly can that's going to be most appealing to a seller.

Erik:

Yeah. We want to present your offer and you as a buyer and the very best light to the seller so that they want to pick you over the other offers.

Randal:

There are strengths you can add to your offer. If you're getting a mortgage,  the lowest mortgage you possibly can get, the better. Adding the language about an appraisal is also good in a rising market.  When you're talking about your home inspection contingency if you're not dropping your home inspection contingency, which many buyers are, you can actually add a deductible to your home inspection.

Erik:

And don't forget, write a personal letter! if it's someone's home that has been their personal home. It's not rented out. It's not an investment property. Write a letter let them know who you are and why you want that to be your home. That can make a difference to some sellers.

Randal:

Believe it or not, we've seen someone skip the letter and just do a video. Our favorite!

Erik:

Yeah. Feel free to comment below. We'd love to hear from you about your thoughts on placing a competitive offer. If you've recently placed an offer, bought a home, or are trying to buy a home, we'd love to hear from you and some your thoughts on what you've done.

Randal:

Feel free to add some comments below if you have something to add or any questions. Give us a shout! Until next time, don't forget to like us on Facebook.

Erik:

And subscribe to our YouTube channel.

Both:

And Stay Tuned and Stay Focused.

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