What do Knoxville sellers want?
When you’re buying a Knoxville home, knowing what a seller is looking for in an offer can be critical, particularly in a seller’s market. While all sellers are a bit different, there are certain things that all sellers want.
While all sellers are a bit different, there are certain things that all sellers want. In this post, we’ll cover 3 things that all sellers want and why you should include them in your offer.
Price is the ideal way to win over a seller. All sellers have an ideal bottom line when they list their home. There’s a certain number they have in mind that they want to walk away with. The question is whether or not the price you offer will meet that ideal bottom line.
Before writing an offer, consider what a competitive price will be. Your realtor will be able to help advise you on price by showing you homes that have recently sold in the areas as well as homes that are currently listed for sale. Based on that, you can determine what the right price is for the home.
Depending on how competitive the market is, you may want to consider what other items you should or shouldn’t include in the offer. For example, if there are other buyers vying for the property, you may consider whether or not you ask for the seller to pay for your closings costs or a home warranty.
Keeping the terms of the offer simple is something that all Knoxville sellers want. When an offer is plagued with a lot of contingencies, it can make a seller leery about accepting your offer, since it will take a lot more effort to get to the closing table.
When you make an offer, consider the following:
Just be sure that you’re not waiving any of the contingencies that are in a contract that are there to protect you. Keeping a contract simple, will give the seller confidence that you’ll get to the closing table without any major issues. Once a seller has accepted an offer, they don’t want to worry about dealing with major hiccups along the way.
Finally, sellers want the confidence that you’re a solid buyer. When a seller accepts an offer, they want to know that you’re going to be able to hold up your end of the bargain and close on time.
So, how do you show that you’re a solid buyer?
First, you get pre-approved instead of pre-qualified. A pre-approval take more effort to get than a pre-qualification. When you get pre-approved, you’ll have your credit pulled. You’ll also have to submit the documents that support your income. This is why a pre-approval holds more weight than a pre-qualification because all the information is verified. When you submit an offer, be sure that you include a recent pre-approval letter to show that you’re a competent buyer.
It can also help to show a seller that you’re motivated by completing a home inspection quickly. This shows that you want a transaction to move along quickly and that you want to hold up your end of the bargain.
Are you thinking about selling your Knoxville home this year? Please let us know if there is any way that Knoxville Home Team can assist you. Rick can be reached at 865-696-9002 or via email at [email protected]. Kati can be reached at [email protected].
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