1.) Understand The Market - Have a professional Realtor provide you with a market analysis specifically for the house you are wanting to write an offer on. This gives you valuable information about current prices. It will help you make an informed decision on pricing.
2.) Back Up Your Offer - Provide the seller with information on your ability to obtain financing. A pre-approval letter from a mortgage lender is best. If the offer is low, provide your reasoning for the pricing.3.) Write A Simple Offer -As Realtors, we consider a simple offer with few contingencies as a clean offer. Nothing out of the ordinary & very simple for negotiating. This allows the seller to concentrate on the main objective - the price.
4.) Don't Assume A Cash Offer Will Get You A Better Deal - Cash offers do have their appeal. There have been a lot more restrictions put on lenders for approving mortgage loans. Cash offers take away the risk that comes with a buyer getting a loan. However, there is a point at which the price difference in a low cash offer does not offset the risk of a buyer getting a loan, especially if the buyer is pre-approved.
5.) Pick The Right Realtor - Make sure your Realtor is experienced in negotiating contracts and has strong negotiating skills.
