Home buyers everywhere are bemoaning the lack of inventory! This is no more apparent than Santa Cruz County. If you happen to be in the market to buy your home, there are a few things you should know.
When you find the perfect home, make an offer.
Don’t wait, don’t bargain.
Offer your best possible price and a high deposit with all your personal details, including a fantastic story about why you NEED that house to be your home!
You see, the offer you write may be your ONLY chance to win the home, your home, and you want to give it your best shot.
In a housing market, like we have here in Santa Cruz County, where inventory is low and homes are only staying on the market for a short amount of time, multiple offers are being submitted on each home. Most are near or at asking price and some are beyond it.
Home sellers need to evaluate several offers and if yours is one of many (your agent should be able to tell you if other parties have indicated interest), it needs to stand out. That’s where your story comes in (along with your best price offer and earnest deposit).
4 Steps to Writing the Best Offer For Your Home
- Offer up as much cash as you can in the form of an earnest deposit with the best possible price you can pay.
- If you need lending, get pre-approved and formalize it by including a letter from your lender as part of your offer.
- Tighten your timeline – home inspections 3 days instead of 17.
- Write a from the heart appeal that explains your feelings about the house and why you need their home to be your home. If you have a good personal story, share it as well. Some home sellers are motivated by more than price and if they can “see” you in the home, it could make a difference.