Some Wacky Was to Get Your Offer Accepted in 2021

Some Wacky Was to Get Your Offer Accepted in 2021

Being a homebuyer in 2021 isn’t easy. You’ve gotta be quick on the draw and ready, willing, and able to make an offer the seller can’t refuse. Yet they often do refuse an otherwise incredible offer, because another buyer upped the ante just that much more!

There’s only so much money you can offer, and only so many contingencies you can waive. So, what’re you to do if you want to stand out from the crowd and get your offer noticed? How about just getting wacky?

While the chances of any of these ideas tipping the scales are pretty slim, they’ll at least give you a laugh. And who knows, if you do try one, maybe it’ll give the seller and their agent enough of a laugh to give you and your offer the nod!

1. This one’s a “chore” bet!
As important as how much your offer is, it’s equally important to read between the lines and sweeten your offer with what you’re offering. Take a look around the home when you’re viewing it prior to making an offer (if you even have a chance to see it in person). Take note of the areas where the owner could use help. Dishes piling up? Dog poop in the backyard? These items (and more) present a perfect opportunity to offer your first born child with your offer. Labor isn’t cheap, and if the current owners are upsizing, you’ve got a great opportunity to provide them with an indentured servant to help with present and future yard maintenance. No children of your own? Look for frustrated parents at local parks, stores, and restaurants. They may be willing to throw their kid into the deal for you…

2. Wave at the appraisal
In addition to offering above asking price for the home, waiving the appraisal contingency is becoming a common tactic by buyers hoping to secure a home. What many of these buyers fail to realize is that waiving the appraisal may not be as effective as waving at the appraisal. Appraisals are skittish at the best of times, and downright timid at the worst. By waving at the appraisal and communicating through non-verbal cues that you’re not a threat, you may earn its trust and ultimately the deal. You could take this a step further and offer the appraisal a saucer of milk, or a snack of celery and peanut butter, before retreating to a distance the appraisal would find comfortable and non-threatening.

3. Make sure your offer is truly “clean”!
In real estate terms, it’s always better if your offer is “clean”. For example, you don’t include home-sale or other major contingencies, you’re flexible on the closing date, etc. But, above all else, little to no stains of marinara sauce on the physical documents themselves. Don’t sign the offer while eating a bowl of spaghetti bolognese! Otherwise, before you know it, some of the meat sauce could easily end up on the contract. Were this document to be seen by the listing agent, it’s a toss up as to how they react. If they’re vegan or gluten free, you might lose out just because of your sauce choice. Don’t be a slob and give away excess information that could be used against you.

4. Escalate your escalation clause
If you want to ensure that your offer has a fighting chance, an escalation clause may be your best bet. Usually how this works is you’ll make your offer and the clause will say that you’re prepared to go “X” amount of dollars over the highest offer. What many buyers and agents don’t realize, though, is that the traditional use of escalation clauses has been lost over time. This can work perfectly to your advantage. Next time you make an offer, include verbiage stating that should your offer not be accepted, you’re fully prepared to escalate to violence. Be sure to consult with your agent before taking this route, because it’s often the a

gent who fights as a champion on their clients behalf. If your agent isn’t skilled in both an upright and floor style MMA, make sure they’re at least fighting in their own weight class.

5. Pay with Cash…
…Johnny Cash! As the saying goes “Cash is King” and this couldn’t be more true in the current market. But what if you don’t have a cash offer and need to finance? While it won’t work with all homeowners, some might jump at the opportunity to trade their homes for signed copies of Johnny Cash’s albums. The price of the collectibles market is rising faster than the housing market, and a savvy homeowner will see the value in transitioning to a more liquid asset like a vinyl copy of Rockabilly Blues.

Tom

Gilliam

RE/MAX CLASSIC

The Homes2MoveYou Team

PROFESSIONAL RE/MAX REALTOR

ABR, SFR, SRES

Farmington Hills, Michigan

248-790-5594

Realtor-Tom Gilliam is your expert to buy or sell your home in Oakland County, Michigan, the Oakland County community’s number one Realtor. In Oakland County, Michigan, you need to find a Realtor who knows the community.

Tom Gilliam currently lives in the Oakland County Area and is very familiar with the market, neighborhoods, schools and community issues. His office is located into the heart of Farmington Hills, with five additional offices throughout the south east metropolitan area to serve his clients real estate needs.

Tom is always ready to help families find the perfect home in the Oakland County area including: Farmington Hills, Novi, Birmingham,Troy, Rochester Hills, West Bloomfield, Bloomfield Hills, Ferndale, Royal Oak, Northville , Novi, Troy, Rochester and Rochester Hills to name a few.

License 314578

Get In Touch
Visit Website

Farmington Hills Housing Negotiations – 6 Mistakes That Can Make You Lose a Winning Deal

Farmington Hills Housing Negotiations – 6 Mistakes That Can Make You Lose a Winning Deal

Have you been searching for your dream house for long in Farmington Hills? Did you find one but the negotiations did not go your way? Your house search is contingent on negotiations… it can either make or break the deal. Of course, your real estate agent will be by your side guiding you throughout the process but at the end, you have to take the final decision.

Often people let go of a great deal on a home for sale in Farmington Hills, Michigan thinking that the price is too high. Until you have looked at the comps and have had a house inspection, do not make any rash decisions. Yes, the negotiating phase is nail-biting because you never know what kind of counteroffer the seller will come up with but you have to keep an open mind, so that the opportunity in front of you does not slip through your hands.

Following are six mistakes that you should know before approaching a seller:

Mistake #1

Price Is the Only Thing You Should Focus On

So, you finally found a house that is $10k below your budget. While the price of the house is low but you are forgetting to factor in the cost of repairs and maintenance. Then there’s the landscaping, repainting and most important of all, the roof. Add all these costs to your monthly mortgage payments and the number will reach an astronomical level.

Don’t just look at the sticker price! You might get lucky if the seller is in a hurry to sell the house, which means an even lower price but still, make sure that you look at every feature of the house.

Mistake #2

Unwilling To Negotiate on Small Repairs

Say the house has a deck and some of the floorboards are rotten. Instead of focusing on the plus point that it has a “deck”, getting stuck on its repair is not a good argument. You are saving thousands of dollars on the house and the repair will cost you top $100. So, keep an open mind when it comes to small repairs.

Mistake #3

Waving Formalities

The home for sale in Farmington Hills, Michigan you just visited is the “one” you have been looking for. Fearing that another buyer might place an offer anytime now, you waive few of the formalities such as a house inspection. Bad move! You don’t know if the basement has termites or the plumbing is faulty. Such repairs can cost you thousands of dollars, which will blow out your budget and your savings account.

Mistake #4

Getting Stuck on Your Offer Price

Say the house costs $200,000 and you come up with a counteroffer of $198,000. The seller doesn’t like your offer and won’t budge from his asking price. Are you going to walk away from the deal? You shouldn’t. Say if you have paid 20% down payment and are on a 4% interest rate loan, then the monthly payments will rise by just $8. In the bigger picture, it’s a small amount.

Mistake #5

Backing Out of the Deal after the Inspection Revealed a Few Repairs

Are the repairs so big that you feel they will cause a problem in the future? If not, then sit down with the seller and have chat on how to deal with the repairs.

Mistake #6

Offering a Low Ball Offer on a Farmington Hills home

A low ball offer usually feels like an insult to the seller. So, do your homework and ask your real estate agent for comps. Only then come with a price for the negotiations.

Remember, when the time comes to make an offer, look past the small stuff and focus on what matters such as the foundation of the house. If you want to buy a home for sale in Farmington Hills, Michigan that falls under your budget, then visit Homes2MoveYou. Get in touch with me today and start seeing houses in areas of your liking. Tom Gilliam 248-790-5594

Listing: Contact Form

Pin It on Pinterest