Once you’ve found your dream house, the real estate quest does not end there. You’ve still got to figure out if you can finance the purchase, and exactly how much this purchase will be. And even then, the buyer may not accept your bid. Losing a bid on a house can be heartbreaking for a prospective buyer that has put a lot of heart and effort into looking for the perfect home. There are some strategies that you can use to help the buyer decide to accept your bid.

Make a good impression

Some homeowners will feel very attached to their house and all the precious memories it holds. Consider this whenever you meet the buyers. Think of it as a job application. When the owner looks for an ideal buyer, it may be important to them that it is taken over by someone they like. If they don’t personally like you, and can afford to wait longer to sell the house, then they may reject even a fair bid.

Communicate effectively

Negotiating the terms of selling a house can take so much back and forth that having effective communication is essential. Not only can your buyers grow frustrating with trying to communicate with you, but this can drag out a potential home sale, and another buyer could swoop in before you can get your messages across.

One way to ensure you’re communicating properly is to have Denver real estate agents at your disposal. An agent will know all the right steps in the bidding process and can even help with the aftermath of financing and contingencies.

Make a fair bid

One of the simplest ways to get your bid accepted is to offer up a fair one. With competition between buyers heating up, if you offer a price that is well below the listing price, the buyer may be right in thinking that they wouldn’t have to wait too long for a better offer. Also, bidding a price that is unreasonably low could offend them or make them think you’re wasting your time, causing them to refuse to entertain any other offers from you. If you think their asking price is unreasonably high or you could afford the house if it were a bit less, then you are probably right to offer a bid lower than the asking price. One way to figure out a fair bid is to look at comparable homes in the area and what prices they sold for. Keep in mind individual cases may have had special circumstances, like upgrades or other issues, but it’s a good general reference point.

About PorchLight Real Estate: PorchLight Real Estate Group has the most experienced and knowledgeable Denver real estate agents in Colorado. For more information about homes for sale in Denver CO or specific neighborhood homes please visit www.porchlightgroup.com.

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