Make a Competitive Offer in the Asheville Real Estate Market
Most areas of the country are experiencing a brisk real estate market. Well priced homes are moving quickly and often sellers have multiple offers from which to choose. Here in Asheville, North Carolina we are experiencing the same market. How can you make your offer stand out and put you in a better position to get the home? Fortunately, there are a few things you can do to make your offer more attractive to sellers, and here at Asheville Realty Group we are here to help!
4 Tips for Making a Competitive Offer
1. Offer a Fair Price – When the market is moving quickly, this is not the time to throw out a low ball offer and hope they negotiate. Write an honest price based on market values.
2. Have a Pre-Approval – It may not be enough to simply offer a pre-qualification letter. When issuing a pre-approval the lender verifies your qualifications and an underwriter gives preliminary approval based on the actual home and a good appraisal.
3. Flexible Timing – Not everything comes down to price. A seller who is relocation might be more interested in an offer which gives them extra time to move.
4. Attractive Terms – Most offers include contingencies for items like appraisal, inspection, title, loan approval among others. Working with your lender and real estate agent, consider removing any contingencies you don’t need. If you plan to remodel extensively for instance, you might remove the home inspection contingency. This provides more confidence in your offer vs the compensation.
The most important thing in a competitive real estate market is being prepared. Working with your lender and agent, you will understand your options and be able to write a solid offer quickly, putting you in the best position to have your offer accepted.
About Asheville Realty Group
Asheville Realty Group is a boutique brokerage firm offering full-service real estate services. We have locally experienced agents who specialize in residential homes, luxury homes, country-side acreage and everything in between. We love Asheville and the surrounding mountain communities that we call home!
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