Source:https://youtu.be/SYmbP7LcaEY

Have you ever fallen in love with a Delaware home at first sight? You already fixed your eyes on it but realized you’re not the only one eyeing the same house. Now, you are wondering how to ensure you will get it, among others. What kind of offer will stand out above other bids?

Getting your offer accepted in today's market can be very challenging. You will have to do a few things that may or may not make you comfortable. But, if you want to make sure to take hold of your dream home, you have to fight for it and make an outstanding offer. And the best way to do that is to place a bid over asking. 

Offer Over Asking

Almost every buyer will be putting in an offer over asking. This offer means you will submit a request above the seller's listing (or asking) price. Other first-time buyers often cringe when they hear this, but it's just reality! Why would you do that? Here are some strong reasons:

1. When we are in a Seller's Market

It's called a Seller's Market because the buyer demand for homes rises faster than the supply of homes on sale. In other words, there are more buyers than sellers. Hence, there is more competition in your home. Since you are going up against other offers, placing a bid over asking will surely make the seller notice you. 

2. When your home is underpriced

Maybe the home you are eyeing is more affordable than others, which makes you ask, "What's beneath this listing?" You might think it's slightly shady, but don't fret. In reality, most sellers intentionally underprice their homes to start a so-called bidding war. 

Since the price is lower than others, people will likely place many bids over that beautiful home, hence the name bidding wars. So, the sellers can choose to look at a better deal for them. In this case, making your bid stand out by offering over asking makes sense. 

3. When the all-cash buyers are around

All-Cash buyers are ready to put all-in on the listing price, money down. And home sellers swoon over them, maybe because they need the cash sooner when they posted the listing. Whatever the case, these all-cash buyers are going for the home you love. Hence, placing an offer over the asking price might be more pleasing for your seller and likely lean towards you. 

4. You adore the home and can't afford to lose it

And finally, seeing your dream home in front of your eyes is a rare opportunity. And, you don't want money to be a hindrance between you and your future home. You want to fight for it. So, if you adore the house, placing an offer over asking will most likely seal the deal for you! 

Some Aggressive Tactics

Now, we professionally do not like to recommend these aggressive tactics as the first option to first-time buyers. However, someone will inevitably come in with a better offer and waive inspections. So, if you're trying to be aggressive, that might be how we need to go. 

Some other aggressive tactics might include covering the appraisal gap or paying for the seller's transfer tax. But you have to do what's going to make you feel the most comfortable when you're putting in an offer. 

The Bottom Line

On a scale of one to ten, how aggressive would you like to be with your offer for the home that you love? If it's only about two or three, checking with the listing agent to see what the other suggestions might be enough.

But if you want to come in on a 10, we're going in strong for you! And you bet we'll get your future  Delaware home under contract. Email us at Hello@LoftTeamDE.com, and together let's strategize and take hold of your dream home!