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Real Estate
Reply to "Strongest offer on a house"
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[quote=Anonymous]It really depends on the particular seller and the house. This is where a good realtor earns their pay. When we were up against 7 other offers, one being all cash and other with higher escalations than ours, what gave us the edge to win was offering free rent back to the seller for the maximum time allowed by our loan...I think it was 2 or 3 months? In our case the seller was moving to a different state and needed time to search for a new home. In other instances, the seller may already have an offer on another house and so fast closing will be in your favor. Also, in this very hot market, some houses may be selling for way over appraisal value and so waiving a portion of the appraisal (if you have the cash to cover it) will make your offer more attractive. A good real estate agent should be able to research your situation and give you good guidance on what makes the strongest offer. In this very competitive market, I would recommend finding a GOOD realtor.[/quote]
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