When buying Northwestern Wisconsin real estate, you may face competition. For this reason, it’s wise to make your best offer first, and make it memorable. Here are strategies you can use!
Offer the top price you are willing to pay for the property. Don’t wait for a “second round” of negotiations to make a higher offer. You may not get the opportunity.
The next best thing to a cash offer, is an offer backed by a Conventional mortgage. They close faster than FHA and VA loans, and do not require cumbersome home inspections. And because Conventional loans require higher credit scores than other types of mortgages, they imply financial clout.
An offer with significant earnest money will grab a seller’s attention. Big checks are hard to ignore! However, earnest money is not the same as a down payment. Instead, it’s a good-faith deposit. It is eventually credited to you at closing. But if you exit the deal for a reason other than a stated contingency, you could forfeit the earnest money to the seller.
There are other ways to make your offer stand out. For example, you might let the seller stay in the property for two weeks after closing. You could offer to help them on moving day. You don’t have to promise the moon – just offer something thoughtful.
Let us help you with your Northwestern Wisconsin home or land purchase! Six Lakes Realty is a locally-owned family business with over 40 years of experience. Call us today for friendly, hometown service!
John Flor
Managing Broker
Six Lakes Realty
Office: (715) 924-4806
Email: john@sixlakesrealty.com
