Are you looking to buy a home in a very low inventory market, like the Flagstaff or Phoenix Area market?
There are a lot of strategies that buyers are using to increase the appeal of their offers. Some of these strategies do entail risk, so one would have to review all the nuances for that particular property.
- A good place to start is to review the recent comparable properties, read the inspections and disclosures and come up with a value range. You would also want to know the average days on market, dollar per sq. ft. living area, average number of offers in that area, and other factors to gauge possible competition.
- Some buyers discuss waiving contingencies (appraisal, loan, inspections/disclosures, etc.) with their real estate agent to make their offer more appealing, but this is a detailed conversation, weighing the risks involved and should be taken seriously, and one should consult all levels of professionals related to this discussion.
- Some buyers discuss waiving contingencies (appraisal, loan, inspections/disclosures, etc.) with their real estate agent to make their offer more appealing, but this is a detailed conversation, weighing the risks involved and should be taken seriously, and one should consult all levels of professionals related to this discussion.
I recently just sold a home and my seller is buying a home in another state with similar inventory conditions. I was surprised to learn that the agent there had her offer to pay $2,000 towards the SELLER CLOSING COSTS! Now, that’s one I haven’t tried!!