Tips to improve a buyer’s chance of getting their contracts accepted.

 

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As you know by now, the real estate market is shifting. Interest rates have been on the rise, and home prices are still increasing, albeit slower than they were before. With these conditions, many buyers are concerned about being able to successfully purchase homes. Today Wendy and I will discuss a few tips to help buyers get their contracts accepted over their competitors’. When it comes to a winning offer, price isn’t everything—the terms of the contract are also important.

 

Follow along in the video above or use the timestamps below to navigate the discussion at your leisure:

 

0:00 — Introduction

 

0:29 — Terms Wendy recommends you include in a contract to get it accepted

 

1:50 — How much over asking-price are people offering?

 

2:25 — Non-refundable deposits

 

3:42 — Appraisal gap coverage

 

4:58 — Questions to ask that show how serious a buyer is

 

6:04 — The difference between local and out-of-state lenders

 

6:52 — Final thoughts

 

If you have any questions at all about buyer contracts or anything else to do with real estate, give us a call or send us an email. We’d love to speak with you.