During the winter months, there tends to be a lower inventory of homes for sale in Knoxville. For those Knoxville buyers shopping for homes, it can sometimes mean things can be competitive. If you get into a situation where there are multiple offers, here is how to make your offer stand out in a competitive market.
Offer A Better Price
Price is a big thing when it comes to selling a Knoxville home. There is a fine line when it come to offering the best price. On one hand, you want to offer the best price so that the seller accepts your offer. But on the other hand, you don’t want to offer more than you’re comfortable with. If you’re in a situation where you’re trying to win a bidding war, consider the most that you’d be willing to pay for a home and stick there because there are other ways to win a bidding war.
Quick Close Date
A majority of Knoxville sellers want to close as quickly as possible. If you are in a situation where you can close quickly, offering a quick close date can put the odds in your favor.
Increase The Earnest Money
If you’re a buyer where the money is tight, increasing the earnest money can be an easy way to show you’re a serious buyer. Best of all, it won’t cost you a dime since you’ll be credited back for it at closing. Just be sure you understand the situations where you do and don’t get your earnest money back.
Ask For Less From The Seller
There are many things that a buyer can ask for that drastically decrease a seller’s bottom line. Seller paid closing costs, home warranties, and repairs are all things that can cut into a sellers bottom line. If you’re really in love with a house and could forfeit getting a home warranty, consider taking it out of your offer to make it more competitive.
Are you thinking about buying a Knoxville home in 2015? If there is anyway Knoxville Home Team can assist you, please let us know, you can give Rick at call at 865-696-9002 or send an email to [email protected]. Kati can be contacted at 865-392-5880 or via email at [email protected]. Also, be sure to check out our Knoxville Home Search Page.