Consider it Sold – To You! Get Your Offer Accepted on Your Dream Home.

Family with Sold Home

It’s been a long, hard journey. But you’ve made it. You have found your dream home. However, your dream home is the dream home of a lot of other people, too. Offering asking price isn’t  enough – Your offer needs to stand out from the crowd. Let us help you with a few ways to get your offer accepted so you can move into your new home.

1. Get a Performance Guarantee with Universal Lending. Our Performance Guarantee is a conditional loan commitment that guarantees your earnest money up to $10,000. Essentially, you’re putting in an offer that has already gone through underwriting. Other homebuyers may offer a pre-approval letter, but a Performance Guarantee is the next best thing to a cash offer.

2. If you don’t have a Performance Guarantee, submit your pre-approval letter with your offer. Other buyers will have this. so going in without a pre-approval letter will put you at a disadvantage.

3. Work with a real estate agent. You may think “you’ve got this,” but an agent who is familiar with the neighborhood you are buying in, knows how to help buyers stand out in a seller’s market, and who is a genuine champion of buyers will be ready to get you into your home.

4. Have your lender go the extra mile. Can your lender vouch for your ability to close this loan? Your agent can reach out to your lender and ask for a video or testimonial about your offer and ability to pay. A Universal Lending loan officer sent a video testimonial to her borrower’s agent, who sent it to the sellers, and it was the ticket to an accepted offer. Encourage your team be creative!

5. Offer a fast close. Make your offer stand out by offering a shorter closing date. Universal Lending prides itself on the ability to do quick, clean closings – another reason we stand out.

6. Offer above the asking price. Now is not the time to low ball. Check comps in the neighborhood to see what a strong offer was on the homes that have sold most recently.

7. Make a good, clean offer. If you’re trying to sell a property, making the purchase of this home contingent on selling another home may not work in a seller’s market. It’s also going to be difficult to ask for additional concessions such as help with closing costs.

8. In fact, you may want to offer to pay the seller’s portion of closing costs.

9. Don’t ask for extras to be thrown in. Lawn furniture? A grill that’s not staying with the house? A painting that you “must have.” Asking for extras may be just the thing that moves you down the list of accepted offers.

10. Put down a larger down payment than is expected. Putting more down on the house shows that you are serious about making this purchase.

11. Include an escalation clause in your offer. An escalation clause means that your offer will outbid other offers up to a maximum price. This means that you make an offer saying you will pay X price for a home, but if a higher offer is received, you will increase your offer to Y price.

12. Offer one month of free occupancy. When purchasing a home with a mortgage, your payment doesn’t come due until a month after you close. A seller could very well need that time to figure out where they are going and offering to pay their “rent” for a month could strengthen your offer.

13. Submit a personal letter with your offer. When you make an offer on a home, you’re often moving into what was once someone else’s dream home. Include a letter with your offer and share something that makes the home special to you. Tell them what you are planning to do with the house. Promise to love the home!

Don’t lose your dream home. Be prepared when the time comes to make an offer and make your offer stand out.

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