How To Write Winning Offers in a Sellers’ Market

In a sellers’ market, competition can turn fierce especially in the real estate market. Standing out becomes a challenge.
In these markets, smart strategies can make a big difference. Following a few tips, you will be able to write a winning offer.
Have a good agent: They’ll be able to guide you through options that may seem a little out of place in a slower market—but could prove the difference between success and more house-hunting in a tight one.

A substantial deposit makes a big difference. You should be able to deposit about 3% of the value of the property. A seller usually takes such an offer seriously and will feel confident you are committed to stand by this offer. This could give your offer a winning edge. Submitting a pre-approval letter with the deposit puts your bid ahead of the others by showing the seller you have serious intentions.
You should also ensure you appeal to the seller’s emotions by including a personal letter in the offer to the person selling the property. You need to explain why you want to buy the house and what you particularly like about it. Be as specific as possible. Appeal to what you may know of the property history.

Offer to close quickly. Most sellers want to make a speedy transaction. A standard closing period is about 30 days. If you can close in three weeks instead, this could convince the seller to accept your bid—even over one that offers more money.
And is the sellers want a few more days in the house. Consider giving that to them rent-free. There’s a few things ideally you’d like them to fix—but if they aren’t deal-breakers, consider letting that go. Be friendly and personable, because if you prove to be someone they don’t mind dealing with, that could tip things in your favor, too.