You’ve found the perfect Westfield luxury home. But there’s a “sale pending” sign out front. Just because a sale is pending doesn’t necessarily mean that it is sold. Things happen. Sales fall through for all sorts of reasons. My Westfield Buyer tip to you is to make a backup offer. Worst case? The original deal goes through and you’re no worse off than you were before. Best case? You’re the next in line if the original sale falls through. But how do you go about creating a backup offer?
Westfield Buyer Tip: Creating a Backup Offer
Get Your Money in Order
My first Westfield Buyer tip for creating a backup offer is to make sure your financing is in place. If paying cash, the money must be available right away. However, if you decide to finance the purchase of your Westfield home, talk to a mortgage company today. Start the application process so you can include your approval letter with your backup offer.
Be Willing to Be Flexible
My next Westfield BuyertTip for creating a backup offer is to stay flexible. Keep contingencies to a minimum. Maybe that squeaky door isn’t a big deal. Perhaps you can add a fresh coat of paint yourself. What if the Sellers need a little time for a vacation, holiday or urgent family matter before they can move out? It will be worth the wait to ensure your backup deal becomes a full on sale.
Add a Personal Touch
Never underestimate the power of a letter. Sometimes, it’s the little things that matter most to a Seller when considering an offer. Do you have kids? Tell them how much you look forward to raising your family in a home that you can tell is full of so much love. Do you like to cook? Talk about the dinners, family gatherings, summer barbecues and birthday parties you envision hosting in that fantastic kitchen. Whatever part of this Westfield home speaks to you the most, tell the Seller about it. It could turn the tide in your favor if the original sale falls through.
Stay in Touch
Finally, out of sight/out of mind. My last and probably most important Westfield Buyer tip when it comes to creating a backup offer is to stay in touch. Let your Westfield REALTOR@ know that you expect them to keep in contact with the Seller’s agent. If the initial deal does fall through, you want the Seller to know that you are ready and willing to step in right away.
Scott Gleason, CRS at Coldwell Banker Realty – East, NJ Luxury Homes