"Buying a home isn't just about finding the perfect property-it's also about persuading the seller that your offer is the right one. The National Association of Realtors (NAR) reports that homes in 2024 received an average of 2.7 offers nationwide, underscoring the continued competitiveness of the market. According to Redfin's article "Highest and Best Offer: How to Win the House You Want," sellers often value a smooth, certain closing over simply the highest bid."
"A preapproval letter from a reputable lender, such as Rocket Mortgage , signals reliability to sellers. In fact, sellers view preapproved buyers as 58% more likely to close smoothly than those who are only prequalified. Always provide updated preapproval documentation and proof of funds for your down payment. Whenever possible, work with a well-known local or national lender recognized by listing agents; this helps reassure sellers that your financing won't hold up the deal."
Homes received an average of 2.7 offers nationwide in 2024, reflecting a competitive market. Sellers often prioritize a smooth, certain closing over the highest bid. Strong offers combine competitive price, clear financing, and clean terms with respectful communication to increase acceptance likelihood. Leading with the strongest price helps, since accurately priced homes sell quickly and small increases of 1–2% above list can stand out. A preapproval letter and proof of funds signal reliability, and sellers view preapproved buyers as 58% more likely to close. Limiting contingencies, offering flexibility, appealing emotionally, professional representation, and speed improve chances in active markets.
Read at Redfin | Real Estate Tips for Home Buying, Selling & More
Unable to calculate read time
Collection
[
|
...
]