How To Look Good Against Cash Offers

In real estate, cash is power. It’s not exactly the amount of money that you have been approved for by a lender. This type of “cash” is what you can pull directly from your account to buy a property on demand. It can be difficult to compete with cash buyers especially in tight real estate markets. Below, you’ll find some tips to help you match up against any cash offers that you may be competing with when you buy a home. 

Make Your Offer Look Attractive As Possible

First, you should always have a pre-approval letter from your lender. This lets sellers know that you’re a qualified buyer. You should also get your lender or realtor (or both) to provide some financial information about you along with your offer. This helps to add to the case that you’re a dependable buyer.

Let Things Move Quickly 

If you allow your lender to send an appraiser to the property as quickly as possible, this will give you an advantage in the home buying process. You want to reduce the amount of time that it will take to close on the house. That means you should consider cutting down on both the appraisal and contingency time. You could even consider waiving any contingencies if you feel comfortable. 

To speed up the process, even more, you should pre-order an appraisal in advance. You can do this before your offer has even been written. It can be difficult to arrange this, especially with larger scale lenders, but it’s always worth a try. Once the offer is written, the lender can relay to the seller that an appraisal has already been scheduled.

You’ll also want to get the inspection done fairly quickly. You only have a short window of time to get the inspection done. The quicker you get this done, the more serious of a buyer you appear to be. You should have the inspector who you’ll use ready before you even put an offer in on a home in order to expedite this part of the process. Usually, inspectors don’t take terribly long to schedule appointments knowing that their clients have short windows to get inspections done.  

Make A Strong Offer

Making a good offer could mean paying extra for a home you love in order to compete with cash offers. Spending more money helps to win. Here’s why: Sellers almost always will give a cash buyer a bit more of a discount since they’ll be getting all of the funds up front. If you love the house and plan to live in it for years to come, the extra money you spend will be well worth it.         

Write An Offer Letter

An offer letter adds a bit of a personal touch to the number you put down as a buyer. Here, you can tell the seller who you are and why you love the home. It can be emotional to sell a property, but a seller will feel more comfortable knowing that the home is going to someone who will appreciate it.

  

Sell Your Appliances Before You Move

If you recently sold your house, there may be only a few weeks before you need to relocate to a new address. As such, you’ll likely face a time crunch to pack up your belongings and get rid of excess items, including various home appliances.

Although your refrigerator, washer, dryer and other home appliances have served you well for many years, there is no time like the present to sell these items. That way, you can earn extra cash and avoid the hassle of moving these big, heavy items from your current address to your new one.

For home sellers who have only a short amount of time to sell their appliances, there’s no need to worry. In fact, there are many quick, easy ways to sell your appliances and maximize their value.

Now, let’s take a look at three tips to help you sell your appliances before moving day.

1. List Your Appliances Online

Create an online listing for each of your home appliances, and you should have no trouble stirring up plenty of interest in these items.

When you craft an online listing, it is important to include as much information as possible. Therefore, you should provide details about a home appliance’s age and condition, along with photos. This will make it easy for a home appliance shopper to determine whether a particular appliance is the right choice.

Also, share your online listing with family members and friends. And if you post your online listing on social networks, you may be able to generate significant interest in an appliance in no time at all.

2. Host a Yard Sale

A yard sale offers a great opportunity to sell home appliances and other items before you move.

Host a yard sale on a Saturday or Sunday and start your yard sale in the morning. By doing so, you can improve your chances of attracting a wide range of yard sale shoppers.

In addition, be open to negotiating with yard sale shoppers. If you maintain flexibility on the price of a home appliance, you can boost your chances of a quick sale.

3. Post Flyers in Your Community

Craft flyers that include information about your appliances and post them in your community. This will allow you to generate interest from local buyers.

Flyers should be clear, concise and informative. They can include information about an appliance, along with contact information that enables buyers to reach you via phone or email.

Lastly, if you need to sell appliances prior to moving day, it often pays to consult with a real estate agent.

In many instances, a real estate agent can offer recommendations and suggestions to help you streamline the moving process. As a result, this housing market professional can make it easy for you to sell home appliances and other items before you move.

Ready to sell your home appliances? Use the aforementioned tips, and you can promote your appliances to the right groups of buyers.

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