Remove the appraisal contingency. What does this mean? It means you are willing to pay what you offered for the home even if it does not appraise for that price. You will be responsible to pay the difference between the appraised value and the purchase price by increasing your down payment (cash out of pocket) by the difference. The other option that better protects the buyer is offering an appraisal gap. This means you will cover the difference between the appraised value and the purchase price up to a certain amount.above list price.
Offering the Seller A Leaseback Option It could be very attractive to the seller to be able to remain in their home for a short period of time after closing. Offering this to the seller may be a way your bid stands out over others.. Just know there are stipulations to the amount of time per financing guidelines that a buyer can allow a seller to stay in the property if they are financing it.
Now that I’ve shared my 6 tips to get your offer accepted in a challenging market, you may also be interested in learning how to get top dollar when selling your home.. In this coming video you will be sharing tips to get your home showing ready to get top dollar.