How to Make Your Offer Win in a Competitive Market.

Ready to make an offer on a home in the competitive Tampa real estate market?

Here are a few tips to get you started.

First and foremost, we highly recommend getting a strong pre-approval letter from a lender ahead of time. Having a letter in hand shows your potential seller that you are serious about buying the home. Not all lenders are created equal, so know that a good real estate agent will do his/her due diligence to make sure that what you are pre-approved for it’s actually based on accurate information. This is to protect you as a buyer or seller; it’s a win-win outcome.

In addition to having a strong pre-approval, consider your price offer. If you come in too low, the seller may not even entertain it. It's important to research comparable offers and assess the market before submitting your offer. Know this, your offer price is not the most important factor in many occasions.

When you've determined the terms of your offer, there are other details to consider. Think about financing, closing days, inspection days, potential appraisal gaps, and/or any other contingencies. Make sure to include all of these in your offer to make it complete and attractive.

And lastly, remember the being a good negotiator at times doesn’t mean you get all you want, because most of the time you’ll come out losing. Finding the happy medium were both party come out winning is what makes a negotiator a good one.

By taking the time to craft a winning offer, you can increase your chances of success when buying in a competitive Tampa market. Good luck!