The Northwest Wisconsin real estate market can be very competitive for home buyers. When there are relatively few homes on the market, your first offer needs to be your best offer! Here are tips to make your offer stand out.
1. Include a detailed mortgage pre-approval letter with your offer. A strong letter will specify the type of loan program, the loan amount, the down payment, the maximum purchase price, and interest rate. The letter should be current.
2. Include as much earnest money with your offer as possible. Earnest money shows that you are serious about the purchase and intend to see the deal through. (If you’re unfamiliar with how earnest money works, we will walk you through it!)
3. Keep any purchase contingencies to a minimum. Your offer should be straightforward and appealing to the home sellers. Make it easy for them to say “yes” to your offer!
4. If the seller counters your offer, be ready to negotiate and keep it friendly. If the seller rejects your offer in favor of a competing bid, don’t take it personally. Ask to be notified if the winning bid falls through.
Remember, even if you present the first offer, there is no guarantee that it will remain the only offer. If there are multiple bids, you may not have an opportunity to improve your offer later. Your first offer should be the best possible offer you can put together. We will give you the information and guidance you need for a successful home purchase!
Ready to buy a home in beautiful Northwestern Wisconsin? Turn to the local market experts! Six Lakes Realty is a locally-owned family business with over 45 years of experience. Contact us today for friendly, hometown service!
John Flor
Managing Broker
Six Lakes Realty
Office: (715) 924-4806
Email: john@sixlakesrealty.com