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How can you Buy in a Competitive Market? | Erik Brown



Beverly Hills Home Buyers Tips | Writing the best Offers


The spring and summer market and we've got a number of clients. That has asked me that are looking to purchase homes what can we do to be most successful when the market is so fast and when home seemed to be moving really quickly. Particularly if those homes are

really the hot ones and I thought that was a great question.


There's a number of things that you can do to make your offer more or less attractive and so let's just take those right down the road as a start it always comes down to the research that you do on a property. So like the home behind me if you know the comparables you know how fast homes are selling in the neighborhood you know what's happening over the course of the past 30 60 or 90 days that's going to be most helpful to be able to tell you what's happening in that individual marketplace and then it just comes down to how you write your offer there's.

About five items that make your offer more or less attractive those items are price closing date down payment amount earnest money amount and contingencies so the price that you pick on the home the seller is going to want a maximum price and you'll just need to decide. What is worth it based on the comparables and based on how long you plan on staying in the home down payment and earnest money amount makes your offer more attractive to a seller. Because it shows that you have more skin in the game that's why a cash offer generally Trump's a financed offer the contingencies that you include can be things like financing or inspection and the fewer contingencies they have the better it is for the seller but the worse it might be for you so as always talk to me talk to a great real estate professional about the ins and outs of how to write a successful offer as always if you're ever interested in knowing what your home is worth or are interested in a link to find all the homes that are on the market place please feel free to click on the link as always.


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About Erik

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Erik Brown

DRE: 01958545

Compass

9454 Wilshire Blvd, Beverly Hills, CA 90212

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ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES, OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.

© 2020 Erik Brown Real Estate agent in Beverly Hills 

BRE #: 01958545