Luxury Homes/Top Towns

Community Info and Luxury Service for Home Buyers and Sellers on the Move

Luxury Homes for Sale in Berkeley Heights, Chatham, Clark, Cranford, Fanwood, Garwood, Madison, Millburn, Mountainside, New Providence, Scotch Plains, Short Hills, Summit, Warren, Watchung, Westfield

  • Home
  • Eat, Shop & Play
    • Arts and Leisure
    • Dining
    • Shopping
    • Sports
    • Trusted Local Vendors
  • Buyers
    • Arts and Leisure
    • Best Financing Rates & Moves
    • Housing Options for Seniors
    • Search for Homes
  • Sellers
    • 7 Investments for a Better Return
    • Thinking of Selling Your Home?
    • What Makes Your Home Sell Fast?
    • Sell Your Home
    • Your Home’s Value
  • Tips
  • Bio
  • Contact
  • Property SearchSearch for homes for sale in the Westfield, NJ area.
  • Your Home’s ValueSee what your home is worth in today’s market.
  • Town ProfilesLearn more about Westfield and the surrounding area.
  • Scott’s NJ BlogGet the latest Westfield area community information.
You are here: Home / Scotts NJ Blog / How to Get Your Home Offer Accepted

How to Get Your Home Offer Accepted

March 26, 2021 by Scott Gleason

Many real estate markets across the country are in the midst of a seller’s market. Westfield is no exception. Recently, Ryan Hartman with Inside Real Estate interviewed RE/MAX Select’s very own Rob Lyszczarz about how to get your home offer accepted in a crowded seller’s market.

How to Get Your Home Offer Accepted

Understand Your Market

Many people are leaving the City to settle in the suburbs like Westfield. (We did make the Top 10 List of Best Suburbs to Live in NJ.) Historically low interest rates helped spur buyer demand. Unfortunately, the supply of available housing cannot keep up with demand. In turn, that means multiple offers for many homes. Thus, we are deeply entrenched in a seller’s market. If you want your home offer accepted, you need to understand how your local market currently operates.

Get Specific With Your Wants

Every buyer envisions exactly what their dream home should look like. But, throw out your laundry list of “wants”. Narrow that down to three to five “must-haves”. Think about the size (square footage as well as the number of beds/baths), location, school district (if you have kids), etc. If you know what you absolutely cannot live without ahead of time, it will save you time, hassle, and heartbreak in the long run. Also, be willing to compromise on some things in order to make your homeownership dream a reality.

Many Westfield buyers find themselves in a multi-bidder situation when purchasing a property. Find out how to get your home offer accepted.

Get Pre-Approved

Click here for an instant "No Strings Attached" valuation of your home.Always, always get pre-approved as soon as possible. This lowers your stress as well as increases your offer’s attractiveness to the seller. In fact, Rob suggests that you get two pre-approval letters instead of just one. Why? When putting less money down, sellers may believe you are less qualified. Two letters show the seller that they should take your home offer seriously. That means obtaining pre-approval from your lender for a conventional as well as FHA loan for example.

Create a Negotiation Strategy

Discuss negotiation strategy with your REALTOR®. Make sure you present a realistic home offer to the seller. Everyone likes to get a deal. But, if you lowball the seller, you could very well lose out in a multi-bidder situation.

Restrict Conditions & Contingencies

Tighten up time frames for things like inspections and financing. Sellers want to sell their homes as quickly as possible. So, the easier you make it, the more attractive your home offer looks. Waive contingencies whenever possible. Otherwise, limit them to the bare minimum (inspection, appraisal, financing). Think about increasing your earnest money deposit. Be flexible with the closing date. Defer to the seller’s timeframe.

Hire the Right Agent

Finally, having the right agent on your side makes all the difference in your outcome. Find someone with experience in the market. They must have good negotiation skills. Make sure they are willing to reach out to the seller’s agent to gather intel that will help boost your offer to the top of the pile. You also want someone who advocates for you. Make sure that they will communicate with you as much as you want in the way you want.

I highly recommend that you take an hour out of your day to listen to what Rob has to say. It can only help you when you go to look for a new Westfield home. Then, contact me to start your search.

Scott Gleason, CRS at Coldwell Banker Realty – East, NJ Luxury Homes

Filed Under: Scotts NJ Blog, Uncategorized, Westfield Buyer Tips, Westfield Events Tagged With: home buying tips, home offer, how to get your home offer accepted, tips for buying a home, tips for buying a home in a multi-bidder situation, westfield real estate

Contact Scott

 

Meet Scott Gleason - Westfield NJ Real Estate

Scott Gleason

Luxury Homes for Sale in Westfield, New Jersey

Coldwell Banker Realty - East

Westfield Area Luxury Homes

209 Central Avenue
Westfield, NJ 07090
908-233-5555 Office
908-698-2630 Mobile/Direct
Send an Email to Scott

Scott Gleason reviews

Check out Scott Gleason-RE/MAX Select on Yelp

Please follow & like us :)

Subscribe to my Feed
Follow by Email
Facebook
Facebook
Twitter
Visit Us
Follow Me
Pinterest
Pinterest
fb-share-icon
LinkedIn
LinkedIn
Share

Scott Gleason – Coldwell Banker Realty

908-698-2630 – Direct

Site Map


Deprecated: Hook genesis_footer_creds_text is deprecated since version 3.1.0! Use genesis_pre_get_option_footer_text instead. This filter is no longer supported. You can now modify your footer text using the Theme Settings. in /home/luxury1homes/public_html/wp-includes/functions.php on line 5755

Scott Gleason

Coldwell Banker - East

Luxury Homes for Sale

in Westfield, New Jersey

908-233-5555 Office
908-698-2630 Mobile/Direct

Send an Email to Scott

© 2022 Luxury Homes NJ - Scott Gleason

Website Design and Maintenance by Second Self Virtual Assistance