Standing Out When Making an Offer in a Competitive Ladera Ranch Market
The Orange County real estate market has been leaning towards sellers this whole year, giving them an upper hand in this summer market. But just because the sellers have the upper hand, doesn’t mean you can’t come out on top when you’re looking to buy a home. When making an offer in this competitive Orange County market, you’re going to want to set yourself apart from the competition. Here are some tips on how to stand out when making an offer on a home in Ladera Ranch.
3 Ways to Set Yourself Apart When Making an Offer
Let the Seller Know You're Interested
Making an offer on a home in Ladera Ranch is something that needs to be thought out. There are many factors a seller can use to determine what offer they’re going to accept. Some sellers will go right for the cash offer, some will go for the highest offer. But there are some sellers out there who are looking for more when it comes to selling a home. Some sellers want to make sure the person or family they sell the home to will be a good fit.
It certainly doesn’t hurt your offer if you make an appeal to a sellers sentimentality. Writing a personal letter to the seller giving them details of your plans for the home or giving the seller details as to why you are relocating and think the home is the perfect fit for you and your family can increase your chance of getting your offer accepted. While cash usually rules all, there are sellers out there who want to make sure their precious home gets left in the right hands. Don’t be afraid to tell the seller why their Ladera Ranch home is where you want to start the next chapter of your life.
Quick Inspections and No Repairs Needed
When you have competition, you don’t want to ask the seller to give you 15 days to inspect the home. If you plan for this in advance, a home inspector can usually come out in 5 days or less. One way to make your offer more attractive is to build in an “as-is” inspection contingency. This lets the client find out the condition of the property and lets the seller know that the buyer will not ask for any repairs. If the inspector does find any issues with the home, you’ll be able to make the choice of whether you want to buy it anyway or walk away from the deal altogether.
Come to the Table with a Pre-Approval Letter
Although it isn’t always the case, some sellers like when buyers have a pre-approval for a conventional loan over an FHA loan. So if you really want a seller to like you and your offer, come in with an approval for a conventional loan. Keep in mind, a preapproval is different from a prequalification letter.
A prequalification letter says that based on your income and other information provided, you could get a loan. But an actual preapproval has already gone through the process. The lender has approved you for the amount necessary for you to buy a home in the price range you are looking in. If you come to the table with a pre-approval letter, the chances of your offer being accepted goes up exponentially.
Add a Winning Agent to Your Team When Buying a Home in Ladera Ranch
When you’re putting an offer on a home in Ladera Ranch, the best way to get your offer accepted is to work with a real estate agent that has a proven track record of success in the area that you’re looking in. Ladera Ranch has been my stomping grounds for more than 15 years. I have helped families, couples and retirees stand apart from their competition for years, and I can do the same for you. Contact me today to find out how I can help you stand out from the competition when you’re buying a home in Ladera Ranch.
- M: 949.285.3215