Question:
“My wife and are trying to buy a home, but we’ve lost out to several cash offers. Any ideas for how to get our offer accepted over the cash buyers?”
Answer:
Here are a few:
- Offer a higher price (OK, you knew that one)
- Get full loan approval ahead of time, subject only to an appraisal
- Offer to remove your loan contingency sooner
- Offer to release some or all of your deposit to the seller when you release your loan contingency
- Have your lender email or call the listing agent to say how strong you are
- Work with a team like us with sources of homes that aren’t even on the market
Hope that helps!
