Simple Tips for Improving Your Offer for a Home on Long Beach Island New Jersey
The LBI real estate market has been witnessing a period of steady growth and price improvement since Hurricane Sandy. There has been a wave of new construction which is helped to raise the values of both existing homes and teardowns. In such an environment, we are starting to see more and more bidding wars take place with multiple offers on the home. With a higher level of competition, it is important to understand a few ways to distinguish your offer from others. Even in situations where there are not multiple offers, it can still be helpful to understand the best ways of how to make your offer stand out in the LBI real estate market.
How to Make Your Offer Standout in the LBI Real Estate Market
- Keep it simple: terms in some cases will count as much as price. If the seller is looking for a guaranteed sale, offering terms such as not requiring a mortgage or accepting a house as is can go a long way. Even if these are not viable options, the more simple and straightforward you can write an offer, the better it will generally be received.
- Make it personal: for many, homes on Long Beach Island are very sentimental thing. Many sellers have fond memories of their families enjoying time at the beach. A personalized letter or even a quick face-to-face meeting in which a buyer expresses their desires and their intentions for the house can go along way in distinguishing your offer from others. The personal touch is not only a friendly and neighborly action, it truly can make the difference between offering acceptance on a home in the LBI real estate market.
- Follow up: depending on the terms of your offer there may be multiple ways to ensure the seller is aware of your sincere intentions. For example, showing proof of funds for an all cash offer or having a preapproval letter written (note I said pre-approval letter and not prequalification letter. There is a considerable difference between the two ) can show the seller that you are indeed serious.
The LBI real estate market has always been stable even in the economic downturn’s. Therefore, it is not surprising to see an increased level of activity as real estate markets improve across the country. Homes in Long Beach Island, especially those which are well priced and an excellent locations, will generally see a high level of activity and multiple offers. Understanding how to make your offer stand out in the LBI real estate market is an essential first step when planning to buy a home on Long Beach Island. For more information please do not hesitate to contact me anytime!
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | firstname.lastname@example.org
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