As the temperatures heat up, so does the competition to get homes under $250,000 in Chandler, Arizona. These homes are in high demand and usually have multiple offers within the first week, especially if they have unique features for the price range - pools, updates, 4 bedrooms, 3 car garages, etc.
Tips for buyers to win in a market like this one:
1. Unfortunately there isn't a lot of room to negotiate when you're competing with other offers on a property. Don't try to lowball and expect a counter offer.
2. Be fast! You want to make sure and submit an offer quickly and make it a good offer. You will also want to schedule a closing date for as soon as possible for your team to get everything completed.
3. Write a "clean" contract meaning, the less you ask the seller to pay for on your behalf, the better! This is where you take over your closing costs and home warranty.
4. Set the expectation that you are committed to the home with either a non-refundable earnest deposit or an "as-is" addendum. Either of these show that you sincerely want the home and the seller may or may not have to do any repairs to the property to be able to move forward.
5. In a rare case, you may want to consider an Escalation Clause which will increase your offer automatically up to a specified ceiling. For example, purchase price to be $500 over another buyer's offer up to $250,000. Seller must provide proof of other offer when countering purchase price. This strategy can help you beat out other offers when you don't know the exact terms of other offers the seller is considering.
6. Make sure you are working with a full-time professional Realtor who understands the strategies used to set their client's offer apart from the rest. To get started looking for a home like these, call Chelsea Anderson at Your Red Door Team - 602-748-6136 and set your offer apart!
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