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Tips and Tricks to Secure an Offer!

Don’t have an extra 100k under your mattress for a bidding war? No problem!

First time home buyer here, finally had an offer accepted and is going smooth so far. Here are my tips and tricks to increase your chances in today’s market.

  1. If you are new to home buying like me, then go down that Reddit wormhole. I can’t thank this community enough. I have learned so much about various real estate related things in such a short amount of time. I went from not knowing how to even apply for a loan to suggesting contingency strategies with my realtor lmao.

  2. Try and make sure everyone knows you are looking for a home! This includes friends, relatives, and coworkers. All it takes is that one friend of a coworker’s third cousin’s next door neighbor who’s selling to give you an edge. I promise you, your chances are much higher awaiting that one person who just so happens to know someone who will be selling soon or in a few months than trying to win a offer with today’s market.

  3. This sort of goes with #1, but be quick! The offer that we sent that was accepted was submitted like 15-20 mins after the house actually hit the market.

  4. Write a super desperate buyers letter to the seller. Make sure to tell them your a first time home buyer and are absolutely getting eaten alive in today’s market. They might feel bad for you! Ours did!

  5. Screw whatever is on Zillow, Bluefin, Realtor, etc. Use some of that time driving around instead. We spotted at least four homes for sale that we swear we did not see on Zillow in the same subdivision we were looking. Reason I say this is that it’s impossible to compete if you don’t have the cash with the massively advertised listings.

  6. This is the most important tip. Don’t give up. I had my highs and lows, depression and excitement myself.

submitted by /u/Historical_Night_770
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source https://www.reddit.com/r/RealEstate/comments/n0swfc/tips_and_tricks_to_secure_an_offer/
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