... And Get YOUR Offer Accepted!

In Metro Vancouver’s strong seller’s market, it is increasingly difficult for buyers to purchase a home.  If the property is priced well and desirable, buyers typically end up competing with many others; all trying to purchase the home.  This has led to buyer’s increasing frustration.  So what can you do to get your offer accepted?

Tips to Getting Your Metro Vancouver Real Estate Offer Accepted

1. How Much Can You Comfortably Afford?

Crunch the numbers to calculate the maximum you can afford to pay.  Consider all your monthly payments, such as utilities, property taxes, home insurance, as well as, mortgage cost.  Talk to your mortgage specialist to get pre-approved, and find out the maximum you can borrow.  Of course, ask them how much the monthly mortgage payments will be, as you never want to be "house poor" and over extend yourself.

2. Time is of the Essence

Try to view the home as soon as it hits the market to avoid the weekend open house rush.  If you like the home, submit an offer right away, if possible, to try to avoid a multiple offer / bidding war situation.

3. Due Diligence

Check out the neighbourhood, schools, parks, community centres, amenities, future developments and anything else important to you. Also, find out the true market value of the home, to help you determine a “suitable” offer price.  Your REALTOR® can help you with this research as they have access to a variety of information unavailable to the public.

4. Subject Free Offer to Purchase

We recommend doing your due diligence before you present your offer, so you can comfortably remove your subjects before submitting your offer.  This would include reading and approving all the strata documents, minutes and engineering reports if you are purchasing a strata property.  Investigating the title and property disclosure statement. Ensure you qualify for financing on this particular home.  Do a home inspection before you place an offer. 

5. Attractive Offer Price

You typically only have one shot at offering, so make it count with an over list price offer.

6. Match the Seller’s Preferences

Ensure you match the completion dates, exclusions and other terms the seller wants.

7. Large Deposit

Typically, a 5% deposit is acceptable when you are not in completion with other buyers.  But if you are competing, you will want to increase the amount to show the seller you are serious and financially qualified.

8. Bond with the Seller

A well placed compliment can go a long way.  Do they have a lovely garden? Beautiful décor? Unique art collection? Let them know your thoughts.

9. Use an Experienced REALTOR®

We’ve had tremendous success getting our client's offers accepted (using the tips above and other critical techniques and strategies).  Please Contact Us to discuss how we can help you succeed.