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Making a Winning Offer in Catonsville, Maryland

Making a winning offer in Catonsville, MD

When negotiating a winning offer, there are many things you should consider while submitting the papers.

Whether you are buying your first home or moving for a new job, moving can be a confusing process. From seeking out the right real estate agent for you to actually submitting a winning offer, this process can scare even the most confident buyer. It can be even more frustrating when you are competing in a bidding war. How do you submit a winning offer on your dream home?

Earnest Money

One way to get a buyer’s attention is to increase the earnest money. An earnest money deposit is a “good-faith” deposit made by the buyers after an offer is accepted. It is often one to three percent of the purchase price but can be increased up to 20 percent. Increasing this offer can help to show a buyer you are serious. This money shows a buyer is serious about buying the home. If the transaction is finalized, the funds are put town the buyer’s down payment. But if it falls through, the buyer will be unable to reclaim the deposit.

Covering Costs

No one likes to spend money if they don’t have to. Sellers often cover transfer taxes associated with the sale and a home warranty for the sale. The costs don’t stop at the closing table, may sellers hire professional stagers to stage their empty home for sale. Buyers can offer to pay for some of these costs at the closing in order to sweeten the deal.

Offer an “As Is” Clause

Many offers are contingent on a passing grade during the home inspection. But by offering to buy a home “as is,” your offer may stand out to the seller. A home sold “as is” means that even though the home is inspected, you are willing to take the home without the upgrades or repairs that are found being done. This clause can help a buyer choose you over the competition.

Taking these steps can help make your offer stand out against the other offers a seller receives. For more information on finding you next Catonsville home or submitting a winning offer, call Simply Referable today!

Making a Winning Offer with Simply Referable

The small team of realtors at Simply Referable is deeply focused on creating a memorable selling experience for you and your family. Each of our team members has an area of expertise, and we strive to form lasting bonds with each of our clients. We want to be your go-to realtors every time you or a friend wants to make a change. With local experience, our realtors can help you choose a house that is just the right fit for your family, now and forever. Contact us online or give us a call at 410-983-9045.