Not getting your offers accepted? Try these rapid fire tips for getting your offer accepted on a property in and around Antioch, Ca
Presenting the offer
- Good: Fax or Email the offer
- Better: Hand deliver it to the listing agent.
- Best: Sit with the Seller and present your offer directly to the Seller with your lender
Items to include in your offer
- Letter of introduction
- Picture of the Buyer/Buyers Family
- Statement verifying down payment funds
- Copy of the deposit check
- Pre approval letter (not a pre qualification letter) subject only to preliminary title report, appraisal, and purchase contract.
- Fully completed contract customarily used in that area
- Applicable addendum’s IE.. Short sale or REO addendum
- A call to the listing agent from the Buyers Lender expressing confidence in the Buyers ability to close escrow on time.
Tips to improve your offer
1. Find out how much time the seller needs to move before writing 2. the contract, then give it to them.
3. Provide the Seller a few extra days to move after the close of escrow
4. Increase the earnest money deposit to a full 3%
5. Use the increase of deposit to gradually increase the deposit to 3%
6. Increase the down payment
7. Shorten buyers investigation, appraisal, and loan contingency to 7 days or less
8. Assume responsibility for the current Tenant
9. Pay for more of the customary closing costs. Ie… County transfer tax, home warranty, reports, etc
10. Contact Sellers Agent ask their title company, natural hazzard co., and home warranty co. preference
11. Provide the Seller the refrigerator, washer, dryer, fountain, etc… That they would like to keep.
12. Pay your own closing costs
13. Place your deposit in escrow immediately after acceptance
Other tips
Multiple offers
On offers $0-$200,000
Assume the first offer is at asking price or below
Every additional offer needs to be increased incrementally $2,500
On offers $200,000-$500,000:
Assume the first offer is at asking price or below
Every additional offer needs to be increased incrementally by $5,000
On offers $500,000-$750,000
Assume the first offer is at asking price or below
Every additional offer needs to be increased incrementally by $7,500
On offers $750,000+
Assume the first offer is at asking price or below
Every additional offer needs to be increased incrementally by $10,000
Provide the Seller 24 hrs to respond to any offer
For more information about writing winning offers in Antioch, Ca or the surrounding communities. Call me at 925-679-2289, email me at Rick@RealtorRick.biz.
