People say that you can’t beat an all cash offer, especially in Seattle, but that’s not what happened with us recently.
When an out of state couple decided to move closer to their family in Washington State, they trusted us to help them find their dream home. After a quick search of the market, and a visit from their parents, we found the perfect home. The only problem, we were competing against an all cash offer.
While other agents might tell you this is a lost cause, we know better. Here are three proven methods for beating an all cash offer.
1. Call the Other Agent
While many agents will send a text or email, or sometimes just wait to hear back on an offer, we call to ensure that the selling agent has our offer and understands the full terms. This helps us build a relationship and convey how serious you are as a buyer.
2. Negotiate on Terms
While all cash offers sound appealing, there is so much more than money that goes into a real estate offer. We will work with you to craft an offer with real value to the seller.
3. Throw the Checkbook at Them
Once they understand the terms, show them you’re serious. Earnest cash shows a seller you mean business, and being pre-qualified is almost as good as cash.
The process for our out-of-state buyers started with a Ron and Don Sit Down. If you’re thinking of buying a home or selling your current home, schedule your sit down to get a customized plan just for you.